Watch your back phone companies. There's a new player in the wireless broadband world called LightSquared, a soon-to-be-launched nationwide 4G-LTE wireless broadband network that uses satellite coverage to facilitate a whole new experience for the end user, and their goal is to cover 92 percent of the population by 2015.Yep, the ambitious plan from the private-equity firm Harbinger Capital Partners is to revolutionize communications in the United States.
As the nation's first wholesale-only network, the LightSquared platform will allow its partners--a laundry list that will include retailers, cable operators and device manufacturers--to offer satellite-only, terrestrial-only or integrated satellite-terrestrial services to consumers.
Philip Falcone, founder and chief executive officer of Harbinger Capital Partners, says the launch of LightSquared marks a significant milestone in the industry. "The business is well positioned to capitalize on key trends; demand for wireless broadband is growing at a rapid pace and there is an increasing need for additional network capacity and reach," says Falcone. "LightSquared will also make a significant contribution to U.S. job growth and the economy."
World broadband domination? Perhaps. The new entrant to the wireless market is slotted to launch the LightSquared service in the second half of 2011 in Las Vegas, Phoenix, Denver and Baltimore.
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