Sunday, 1 February 2015
Last updated 1 day 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…