Harbinger Wireless Network Talks Capacity With AT&T

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.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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