Wednesday, December 7, 2011

LightSquared Signs FreedomPOP - new Venture led by Niklas Zennstrom

LightSquared announced a wholesale capacity deal on its forthcoming network with FreedomPop, a new venture led by Niklas Zennstrom, one of the co-founders of Skype. FreedomPop promises to deliver fast, free and convenient communication services initially in underserved markets beginning in 2012.

FreedomPop remains in stealth-mode.

“FreedomPop represents the kind of disruptive service model that LightSquared is enabling, and shares our belief that broadband access is a right for everyone,�? said Sanjiv Ahuja, chairman and chief executive officer of LightSquared.