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Sunday, March 28, 2010

Private Equity Firm Plans Open LTE Network to Challenge AT&T and Verizon

Source: GigaOM
A New York private equity firm plans to build a multibillion-dollar 4G wireless network that will cover most of the country by 2015. The ambitious plan by Harbinger Capital Partners relies on deploying a Long Term Evolution network over spectrum owned by a few satellite companies — and would create an open wholesale wireless network available to retail companies, PC manufacturers or anyone who wants to offer mobile broadband.

This could be a game changing move for US LTE market. Harbinger's FCC filing is here. - Hyung

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