-- MVNO Agreement Expected to Contribute to Growth in Wireless Business
LOUISVILLE, Ky. -- (Business Wire)
Lightyear Network Solutions, Inc. (OTCBB: LYNS), a provider of data,
voice and wireless telecommunication services to business and
residential customers throughout North America, today announced that it
has launched its MVNO (Mobile Virtual Network Operator) operations under
a new five-year agreement with Sprint.
The contract allows Lightyear to partner directly with Sprint on new
wireless products, and provide postpaid and prepaid mobile telephone
products and service utilizing the Nationwide Sprint Network. The
agreement provides numerous benefits for Lightyear, including a larger
and improved selection of the newest Sprint wireless devices, quicker
access to those products, greater flexibility regarding product and
service offerings for Lightyear customers, and the ability to offer
bundled Lightyear wireline and wireless products.
The MVNO agreement enables Lightyear to offer an enhanced suite of
wireless products, while lowering its costs. Lightyear’s sales force
will immediately begin offering these enhanced services under the MVNO
agreement to its more than 60,000 customers.
Lightyear recently initiated a marketing program to increase its
commercial business activities, and this agreement with Sprint will
enable the company to expand its efforts with new and existing business
customers, including the availability to offer new solutions such as
fixed mobile convergence. The agreement will also provide benefits to
residential customers who will have access to a broader selection of
wireless handsets, including a number of phones with the increasingly
popular Android operating system.
“We are pleased to announce the launch of our MVNO with Sprint, which
has been a valuable Lightyear provider partner for a number of years,”
said Stephen M. Lochmueller, Chief Executive Officer of Lightyear. “This
MVNO agreement will contribute to our long-term strategy to increase our
organic growth. We expect our wireless business to contribute to our
growth and profitability in 2011, with increasing benefits in future
About Lightyear Network Solutions, Inc.
Through its wholly owned subsidiaries, Lightyear Network Solutions
provides telecommunication services to large, medium and small
businesses and to residential consumers throughout North America.
Lightyear’s product offerings include local PRI and digital T1, enhanced
Internet services, MPLS, Ethernet, Voice over Internet Protocol (VoIP),
local and long distance service, and conferencing. Lightyear also offers
wireless services to customers in the U.S. through wholesale contracts
with multiple wireless providers. Lightyear built its own VoIP network
in 2004 to enhance its product offerings and has partnered with some of
the most prominent names in telecom including: Sprint, Verizon, AT&T,
Level 3, PAETEC, CenturyLink, XO Communications, Intelliverse,
BroadSoft, Cisco and ADTRAN. Lightyear Network Solutions is
headquartered in Louisville, Ky. Additional information can be found at: www.lightyear.net.
This press release contains "forward-looking statements" for purposes of
the Securities and Exchange Commission's "safe harbor" provisions under
the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under
the Securities Exchange Act of 1934. These forward-looking statements
are subject to various risks and uncertainties that could cause
Lightyear’s actual results to differ materially from those currently
anticipated. These forward-looking statements may include, without
limitation, statements about our marketing and acquisition
opportunities, business strategies, competition, expected activities and
expenditures as we pursue our business plan. Although we believe that
the expectations reflected in any forward-looking statements are
reasonable, the risks and uncertainties which could cause our actual
results to differ materially from those currently anticipated includes
changes in market conditions, our ability to integrate acquired
operations, the ability to obtain additional financing on satisfactory
terms, customer acceptance of products, regulatory issues, competitive
factors, or other business circumstances and risk factors described in
our filings with the Securities and Exchange Commission. Lightyear
undertakes no obligation to revise or update any forward-looking
statements in order to reflect events or circumstances that may arise
after the date of this press release.
Lightyear Network Solutions, Inc.
Steve Rush, Marketing Manager,
LeVay & Rose, Inc.
Marlon Nurse, D.M., V.P. – Investor
Source: Lightyear Network Solutions, Inc.
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