LightSquared has introduced a nationwide 4G-LTE wireless broadband network integrated with satellite coverage. The wholesale-only integrated wireless broadband and satellite network will provide wireless broadband capacity to a diverse group of customers, including retailers, wireline and wireless communication service providers, cable operators, device manufacturers, and content providers. The LightSquared network will allow these partners to offer satellite-only, terrestrial-only, or integrated satellite-terrestrial services to their end users. Its wholesale-only business model ensures LightSquared has no conflict of interest with its customers.

Nokia Siemens Networks, supplier of telecommunications equipment and services, has signed an 8-year agreement with LightSquared, subject to final approval by both the Nokia Siemens Networks and the LightSquared boards. The agreement represents more than $7 billion over 8 years, and includes network design, equipment manufacturing and installation, and network operations and maintenance. The nationwide LightSquared network, consisting of approximately 40,000 cellular base stations, will cover 92 percent of the U.S. population by 2015.

For further information, go to www.LightSquared.com.