New wireless broadband network to launch next year - East Valley Tribune: Nation / World

New wireless broadband network to launch next year

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Posted: Tuesday, July 20, 2010 9:50 am | Updated: 3:16 pm, Tue Jul 20, 2010.

NEW YORK — U.S. consumers and businesses are going to get more options in wireless service starting next year, with the launch of a new wireless broadband network that will provide competition to the incumbent phone companies.

Private-equity firm Harbinger Capital Partners on Tuesday revealed details of the launch of its wireless network, LightSquared, which aims to cover 92 percent of the population by 2015.

It's a rare new entrant in the wireless market. LightSquared plans to start providing service in the second half of 2011 in Las Vegas, Phoenix, Denver and Baltimore.

WHAT'S HAPPENING: A private-equity firm, Harbinger Capital Partners, is setting up a nationwide wireless broadband network. It will start next year in Las Vegas, Phoenix, Denver and Baltimore.

WHAT IT MEANS FOR CONSUMERS: If the new network, known as LightSquared, gets over some regulatory and financial hurdles, it could provide an alternative to those of the big phone companies — AT&T and Verizon Wireless.

WHY IT DOESN'T HAPPEN MORE OFTEN: Fresh, nationwide wireless spectrum is rare. LightSquared is repurposing spectrum originally intended for satellite telephones, and is still subject to some of the regulatory requirements for a satellite-based network.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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