LightSquared, Wireless Phone Co. In Roaming Pact

Aug 9 2011 | 1:21pm ET

Harbinger Capital Partners' wireless broadband venture has struck another deal, despite continuing questions about the project's viability.

LightSquared will provide 4G services for ClearTalk Wireless, a flat-rate wireless phone company in the U.S. west and southwest. The deal will provide greater connectivity for ClearTalk's rural customers.

"ClearTalk is committed to providing our customers with the latest in high-speed broadband services," ClearTalk CEO Kevin Beierschmitt said. "This agreement extends a national, reliable, state-of-the-art 4G-LTE network throughout the ClearTalk service area.  Our customers deserve great broadband services, and we are delivering these services to them."

The ClearTalk deal follows a major $13.5 billion deal between LightSquared and Sprint Nextel Corp., under which the latter will actually build the LightSquared network.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of