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.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...