Airspan Networks Inc. — a provider of broadband wireless access solutions — signed an agreement with LightSquared — a wholesale-only integrated wireless broadband and satellite network — whereby Airspan will exclusively market LightSquared's 1.4 GHz wireless spectrum. Airspan will market the 1.4 GHz wireless backhaul solution, including spectrum, equipment and services for smart-grid applications in the electric, gas and water utility sectors in the United States.

The 1.4 GHz licensed spectrum will be managed by Airspan and will be made available to utilities in their distinct geographic markets. Access to this spectrum will enable utilities to establish optimized proprietary grid-management networks.

Source: MarketWatch