LightSquared and Inmarsat Amend Agreement

LightSquared and Inmarsat announced an amended cooperation agreement providing LightSquared additional time and flexibility to use its spectrum to deploy a terrestrial 4G wireless network once all regulatory authorizations have been secured.

“This new agreement allows LightSquared an opportunity to focus its efforts on obtaining the necessary regulatory approvals to begin building the nation’s first, coast-to-coast wireless broadband system," said Doug Smith, LightSquared’s interim chief operating officer and chief network officer. “We remain committed to fulfilling our business vision to bring world-class wireless broadband connectivity to millions of Americans.
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