[SatNews] This agreement assists the Company in their overall mission of national coverage...

LightSquared™ and PowerNet Global have entered into a multi-year wholesale agreement. Under this agreement, PowerNet Global will become a wholesale customer on LightSquared’s 4G-LTE network and will develop its own branded voice and high-speed mobile data services for its business and residential customers. This partnership represents a major step towards making the latest generation of mobile services available to PowerNet Global’s growing customer base throughout the United States.