Best Buy to Sell LightSquared’s 4G Mobile Broadband



Via Wall Street Journal

LightSquared said Best Buy Co. (NYSE: BBY) has signed an agreement to use its upcoming 4G network.

LightSquared is attempting build a super-fast fourth-generation wireless network and act as a neutral wholesaler, helping different companies offer their own branded wireless service. With no network in place yet, there were some questions about the validity of LightSquared’s business model.

But the deal with Best Buy, which follows a roaming agreement with Leap Wireless International Inc. (LEAP) that was announced on Monday, establishes some much-needed credibility for LightSquared.”

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