Actually they are going to build a terrestrial network using satellite bands

Sent from my Motorola Startac... 


On Aug 10, 2010, at 2:20 AM, "RickG" <[email protected]> wrote:

> It looks like yet another attempt at satellite broadband. More big bucks to 
> outer space!
> Spectrum assets and financing.
> LightSquared already owns valuable high quality spectrum assets, including 59 
> Mhz of nationwide ubiquitous spectrum in an advantageous frequency position.
> In addition to the $2.9 billion of assets already contributed by Harbinger 
> Capital Partners and affiliates,LightSquared has additional debt and equity 
> financing of up to $1.75 billion.
> Harbinger Capital Partners
> Harbinger Capital Partners is a leading private investment fund based in New 
> York with $10 billion in assets under management. The firm was founded in 
> 2001 and employs a fundamental approach to deep value and distressed credit 
> investing. Harbinger is led by Philip A. Falcone, its Chief Executive 
> Officer, who has over 20 years of investment experience across an array of 
> market cycles.
> 
> On Tue, Aug 10, 2010 at 1:07 AM, Blake Bowers <[email protected]> wrote:
> http://www.lightsquared.com/about-us/
> 
> Anyone following these guys?
> 
> 
> Don't take your organs to heaven,
> heaven knows we need them down here!
> Be an organ donor, sign your donor card today.
> 
> 
> 
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