CTIA-LightSquared signs Best Buy deal, promises others (Reuters)

Wednesday, March 23, 2011 4:01 PM

ORLANDO, Florida (Reuters) – Wireless broadband meshwork consort LightSquared has won a care to support Best Buy Co Inc instead of hunting to LightSquared to modify its admittance to wireless airwaves.

LightSquared executives said they had not presented up on language up T-Mobile army as a client modify though the carriers have said the important think for the integration was admittance to more airwaves.

"If they needed spectrum before, they'll still requirement it after (the deal)," said Ahuja. "They're potential customers afterwards."

AT&T, however, would be restricted to no more than 25 percent of LightSquared spectrum because of U.S. polity regulations.

Chief Marketing officer Frank Boulben said LightSquared has already subscribed a care with a maker of tablet computers and smartphones that could move using LightSquared's meshwork as soon as the fourth quarter. He said the client did not poverty to be named for combative reasons.

LightSquared is also in "advanced talks" with digit of the top threesome orbicular consumer electronics companies about providing connections for services much as wireless picture uploads and wireless multiplayer gaming, Boulben said.

"We're in negotiations for 15 contracts," he said.

Ahuja said LightSquared and Best Buy would move a trial of the retailers wireless assist in primeval 2012.

Best Buy already has a care to acquire wireless services from No. 3 U.S. ambulatory assist Sprint Nextel Corp and Clearwire Corp in which Sprint has a 54 percent stake.

Ahuja said Best Buy could substance services from different networks on different devices or it could combine the technologies on some devices.

Several analysts had hoped Ahuja would foretell a meshwork agreement with Sprint at the CTIA. It could share Sprint's wireless towers and mayhap its meshwork equipment with a analyse to selection costs, they said.

Such a care could be complete as soon as New March, according to a source old with the talks between Sprint and LightSquared. Ahuja declined to pass or comment on the talks.

The chief said during his keynote style that there is shack for a consort much as LightSquared, modify in the fiercely combative U.S. ambulatory market, because it takes a newborn move and module not contend with its assist provider clients.

"It opens up the wireless business to newborn entrants who could never before substance wireless service," Ahuja said referring to Best Buy as an example.

(Reporting by Sinead Carew and Barbara Liston; editing by Gerald E. McCormick, Derek Caney and Andre Grenon)


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