Posts Tagged ‘Harbinger Capital’

Lightsquared Begins Spectrum Moves

Wednesday, August 18th, 2010
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Lightsquared Begins Spectrum Moves
LightSquared, the proposed venture to create a wholesale-only Long Term Evolution network in the United States, has taken a concrete step towards clearing spectrum it proposes to use for the terrestrial network.
Specifically, Lightsquared has notified Inmarsat that it wishes to increase the amount of contiguous spectrum available to it. The process is expected to take 18 months and will require Inmarsat to reconfigure its spectrum plan.
LightSquared will make a series of payments to Inmarsat totalling $337.5 million to defray the costs of the reconfiguration.
A number of important and crucial additional steps are required, including securing additional financing. By some estimates, the business plan remains unfunded by about 50 percent.
Lightsquared recently inked a $7 billion deal with Nokia Siemens networks to build and operate the network, for example.

LightSquared, the proposed venture to create a wholesale-only Long Term Evolution network in the United States, has taken a concrete step towards clearing spectrum it proposes to use for the terrestrial network.

Specifically, Lightsquared has notified Inmarsat that it wishes to increase the amount of contiguous spectrum available to it. The process is expected to take 18 months and will require Inmarsat to reconfigure its spectrum plan.

LightSquared will make a series of payments to Inmarsat totalling $337.5 million to defray the costs of the reconfiguration.

A number of important and crucial additional steps are required, including securing additional financing. By some estimates, the business plan remains unfunded by about 50 percent.

Lightsquared recently inked a $7 billion deal with Nokia Siemens networks to build and operate the network, for example.


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Lightsquared Gets First Customer

Friday, August 6th, 2010
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LightSquared, the Harbinger Capital venture planning to build a nationwide wholesale Long Term Evolution network, has found its first customer. Airspan Networks, a provider of connectivity to utilities for their smart grid efforts, says it will resell some of LightSquared spectrum to utilities.


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Another National LTE Network Coming?

Sunday, March 28th, 2010
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Another National LTE Network Coming?
There’s quite a lot of fourth-generation mobile network construction happening, and about to happen, in the U.S. market, but the wild card now is that an entirely-new Long Term Evolution network might be built using spectrum originally allocated for satellite networks.
Harbinger Capital, which recently merged with SkyTerra, proposes to build a fully integrated satellite-terrestrial network to serve North American mobile users, featuring national LTE facilities that would operate on a wholesale-only basis.
The Federal Communications Commission apparently has required that, as part of the Harbinger purchase of SkyTerra, the firm operate as a wholsaler, and also that AT&T and Verizon traffic cannot account for more than 25 percent of total traffic carried on the Harbinger network.
The planned network would launch before the third quarter of 2011 and cover nine million people, with trials set initially for Denver and Phoenix. The next milestone is that 100 million people have to be covered by the end of 2012, 145 million by the end of 2013 and at least 260 million people in the United States by the end of 2015. Harbinger told the FCC that all major markets will be installed by the end of the second quarter of 2013.
Before any of that could happen, though, Harbinger would have to find additional investors willing to provide $5 billion worth of investment capital.
Analyst Chris King at Stifel Nicolaus estimates that Verizon’s LTE network will cost about $5 billion to deploy. Clearwire has also spent billions on its network, with analyst estimates ranging from $3 billion to about $6 billion. There is no particular reason to think the ubiquitous terrestrial network Harbinger expects to build would cost less.
http://tmfassociates.com/blog/2010/02/18/what-does-harbinger-do-next/

There’s quite a lot of fourth-generation mobile network construction happening, and about to happen, in the U.S. market, but the wild card now is that an entirely-new Long Term Evolution network might be built using spectrum originally allocated for satellite networks.

Harbinger Capital, which recently merged with SkyTerra, proposes to build a fully integrated satellite-terrestrial network to serve North American mobile users, featuring national LTE facilities that would operate on a wholesale-only basis.

The Federal Communications Commission apparently has required that, as part of the Harbinger purchase of SkyTerra, the firm operate as a wholsaler, and also that AT&T and Verizon traffic cannot account for more than 25 percent of total traffic carried on the Harbinger network.

The planned network would launch before the third quarter of 2011 and cover nine million people, with trials set initially for Denver and Phoenix. The next milestone is that 100 million people have to be covered by the end of 2012, 145 million by the end of 2013 and at least 260 million people in the United States by the end of 2015. Harbinger told the FCC that all major markets will be installed by the end of the second quarter of 2013.

Before any of that could happen, though, Harbinger would have to find additional investors willing to provide $5 billion worth of investment capital.

Analyst Chris King at Stifel Nicolaus estimates that Verizon’s LTE network will cost about $5 billion to deploy. Clearwire has also spent billions on its network, with analyst estimates ranging from $3 billion to about $6 billion. There is no particular reason to think the ubiquitous terrestrial network Harbinger expects to build would cost less.

http://tmfassociates.com/blog/2010/02/18/what-does-harbinger-do-next/


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