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Report: LightSquared collaborating with Qualcomm for silicon

Forbes reports that US mobile broadband start-up LightSquared is working with Qualcomm to develop processors supporting its hybrid terrestrial-and-satellite network.

SKT mulling LightSquared investment

SK Telecom is reported to be in talks with Harbinger Capital Partners about a US$100 million investment in LightSquared, the wholesale LTE network operator Harbinger is backing in the US.

LightSquared to launch in nine US markets in 2011

LightSquared, the proposed new wholesale LTE network operator in the US, is to switch on networks in as many as nine US markets next year, according to official company documents seen by Bloomberg.

LightSquared pays Inmarsat US340M for spectrum

US wholesale LTE network provider LightSquared has struck a deal with mobile satellite firm Inmarsat that will give it access to L-band spectrum and provide both companies with an increased amount of contiguous spectrum.

Harbinger cuts Clearwire and Sprint Nextel holdings

Harbinger Capital Partners, the investment fund led by Philip Falcone, has sold its stake in Clearwire and reduced its stake in Sprint Nextel, filings made to the US Securities and Exchange Commission revealed.

Report: TerreStar restructuring to avoid bankruptcy

Reuters reports that hybrid satellite/3G network operator TerreStar is working with a restructuring team from private equity fund Blackstone Group and is in negotiations with its major creditors, in order to avoid having to file for bankruptcy.

LightSquared strikes first spectrum deal

Broadband wireless vendor Airspan Networks has emerged as a surprise first partner to resell spectrum from LightSquared, the proposed new wholesale LTE network in the US. Airspan announced yesterday that it will market LightSquared’s 1.4GHz spectrum as part of its Smart Grid and Smart Utility applications targeted at the electric, gas and water utility sectors in the US.

LightSquared begins partner deals; analysts expect change of business model

More details have emerged on US hedge-fund Harbinger’s plan to build a wholesale LTE network in the US, with a Bloomberg report noting that the venture is in advanced talks to lease its spectrum to ‘US technology companies’ and it has already reached agreements with device makers.