Open LTE network in the US reaches next phase - now find a tenant

Tuesday 20 July 2010 | 16:55 CET | Author: Tim Poulus | Market Commentary
Philip Falcone of Harbinger Capital Partners is a step closer to his American dream: a national open access, wholesale-only, net-neutral LTE network. He first unveiled the plans in March and now the venture has a name (LightSquared), a management team (headed by former Orange CEO Sanjiv Ahuja) and a supplier (Nokia Siemens Networks). Falcone brought a number of assets into the company (SkyTerra, Terrestar), giving LightSquared generous spectrum resources of 59 MHz. The assets are valued at USD 2.9 billion, and the company said it has an agreement for another USD 1.75 billion in debt and

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This article is an opinion of Telecompaper.

Categories: Mobile & Wireless / Broadcast & Satellite
Companies: Clearwire / Google / Harbinger / LightSquared / Nokia Siemens Networks / Orange / SkyTerra / T-Mobile USA
Countries: United States
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