Tuesday, 7 July 2015
Last updated 11 min ago
Jun 2 2011 | 11:29am ET
Harbinger Capital Partners' wireless broadband venture has yet to transmit a single datum, but it's already looking for extra capacity.
LightSquared is in talks with AT&T Inc. to use that company's 4G network when it needs to, Bloomberg News reports. Like LightSquared, AT&T is in the process of building its 4G network and, like LightSquared, plans to introduce it in select cities later this year.
The discussions between LightSquared and AT&T are still in their preliminary stages, according to Bloomberg.
Earlier this year, LightSquared—in which Harbinger has invested some 40% of its assets—signed its first deals to offer 4G services through Best Buy Connect and pay-as-you-go carrier Leap Wireless International.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…