LightSquared Signs AirTouch Communications
LightSquared today announced that it has signed AirTouch Communications, which LightSquared says is the first hardware company to use the LightSquared network to become a Mobile Virtual Network Operator (MVNO). AirTouch will combine access to LightSquared's network with its own hardware to offer broadband-connected devices to its customers. LightSquared has signed more than a dozen other partners, which will use LightSquared's network on a wholesale basis to provide their own wireless services.
AirTouch Communications? This is a scam.
I'm going to go out on a limb and do Phonescoop a favor by editorializing that this is clearly a scam (think Zer01) to prop up LightSquared's legitimacy when in reality it is a ponzi scheme. LightSquared is signing up BS investment partners to prop up their own worth in order to sign IOU's to early investors. I question even if they own the brand name, which has long been ditched since the Verizon merger (they say they have it under license but I bet when this fails they won't have paid a dime) , but even if they do this is purely a BS press release.
Using the LightSquared network, AirTouch will offer i
I doubt any of these contracts have upfront costs anyway. Th...