Thursday, 29 September 2016
Last updated 39 min ago
Apr 16 2014 | 2:31pm ET
A company linked to Harbinger Capital Partners founder Philip Falcone may have a role to play in the barred hedge fund manager’s plans.
PTGi Holding, which identifies itself as “one of the leading international wholesale service providers to fixed and mobile network operators,” has changed its name to HC2 Holdings, Seeking Alpha reports. The blog speculates that HC2 may stand for “Harbinger Capital 2,” and that the company will acquire the assets of Harbinger Capital, which is liquidating following Falcone’s settlement of Securities and Exchange Commission fraud charges.
Chief among those assets, of course, is Harbinger’s majority share in wireless internet venture LightSquared, which is seeking to emerge from bankruptcy.
Falcone is one of three board members at the former PTGi.