Lightyear Wireless Review and Profile
Overview, company details, product information, news, events, rankings and Rep listings for Lightyear Wireless.
Lightyear Wireless Overview
Lightyear Wireless no longer appears to be active as a direct sales company.
Original Npros business profile for Lightyear Wireless, preserved below for archival purposes:
Lightyear Wireless was the network marketing division of Louisville, Kentucky-based Lightyear Network Solutions, a telecommunications company founded by J. Sherman Henderson III. The underlying Lightyear business traced its operations to the early 1990s and provided local and long-distance telephone service, internet and data services, VoIP, conferencing, and wireless communications. By 2013, Lightyear Network Solutions reported serving approximately 65,000 customer locations across the United States. The MyLightYear.com website served as the online home for the company's independent representative opportunity.
Lightyear Wireless allowed independent representatives to market wireless phone service and cellular products to consumers. The company operated as a mobile virtual network operator and marketed service using major wireless networks, including Sprint and Verizon. Its network marketing model emphasized recurring income from telecommunications customers, with representatives able to earn up to 10% of the monthly wireless bills of personally referred customers, along with customer-acquisition bonuses and overrides tied to customers generated by members of their sales organizations.
The Lightyear business changed hands in 2013. In May of that year, Lightyear Network Solutions entered into an agreement to sell substantially all of its operating assets to Birch Communications for a base purchase price of $22 million, subject to adjustments. The transaction was completed in September 2013. Birch subsequently folded the Lightyear Wireless network marketing channel into its prepaid telecommunications business, and on October 3, 2014, the Lightyear Wireless name was replaced by Tempo Wireless. Independent representatives continued marketing wireless services under the Tempo brand using a similar customer-referral and residual commission structure.
Lightyear Network Solutions resolved a federal telecommunications regulatory matter shortly after the sale. In September 2013, the Federal Communications Commission entered into a consent decree with Lightyear Network Solutions concerning regulatory reporting, fee payments, and required contributions to programs including the Universal Service Fund and Telecommunications Relay Service Fund. Lightyear agreed to a three-year compliance program and a $475,000 voluntary contribution to the U.S. Treasury. The consent decree stated that it did not constitute an adjudication or factual finding that Lightyear had violated communications laws. This regulatory matter involved Lightyear's telecommunications operations rather than allegations concerning its network marketing compensation plan.
Lightyear Wireless Owners, Executives and Executive Consultants
J. Sherman Henderson III, Founder and Former Chief Executive Officer
Stephen M. Lochmueller, Former Chief Executive Officer
Lightyear Wireless News
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