toggle

AAPL Stock: 121.36 ( -1.01 )

Printed from http://www.macnn.com

Hedge fund plans US-wide 4G data network

updated 06:00 pm EDT, Mon March 29, 2010

Harbinger Capital Partners to launch 4G network

Harbinger Capital Partners, a New York-based hedge fund, has last week revealed it plans to build a nationwide LTE network using terrestrial spectrum that is owned by satellite networks. The firm filed its plans with the FCC on Friday, after getting approval to purchase North American satellite network operator SkyTerra. The company plans on being wholesale only and offer data services exclusively, and use an open access platform. It could become a competitor to LTE networks from established wireless providers that include AT&T and Verizon Wireless.

At the beginning, the network will use 23MHz of spectrum that is made up of 8MHz of the 1.4GHz terrestrial spectrum, access to 5MHz of 1.6GHz terrestrial spectrum and 10 MHz of L-band spectrum.

By 2015, Harbinger expects it will cover at least 260 million people without satellite coverage, or comparable to that offered by competitors. Initially, the service will be offered to some 9 million commercial clients in Denver and Phoenix sometime in the fall of 2011. The spring of 2014 should see availability in all other major markets.

Harbinger said it may consolidate its spectrum with other licensees, including that of Terrestar Networks, of which Harbinger also holds a stake. The hedge fund may also partner with an existing operator such as T-Mobile USA. [via MobileBusinessBriefing]




by MacNN Staff

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

HP 14-x030nr 14-inch Chromebook

If you're like us, chances are you've come to realize that you need the ability to access the Internet on the go. Also, you've prob ...

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

toggle

Most Commented