Harbinger's LightSquared venture beginning to scare investors; Verizon buys 700 MHz license in Alaska

> South Korea's SK Telecom has selected Alcatel-Lucent's packet optical transport solution to upgrade the operator's nationwide wireless data network. Article

> The three Chinese operators have completed the bulk of their 3G roll-outs but uptake is still in the early stages, so in some cases the cost of build-out is still weighing more heavily on results than new revenues. Article

> The hedge fund Harbinger Capital Partners has roughly $3 billion, or 40 percent of its fund's portfolio, tied up with its wireless venture LightSquared, according to Reuters, and the risk of the venture is beginning to scare investors. Article

> Verizon Wireless filed an application with the FCC yesterday to acquire the 700 MHz C Block spectrum license covering Alaska from Triad, a designated entity that purchased the license during the FCC's 700 MHz spectrum auction in 2008. Article

And Finally... A couple who left their car parked in a long-term lot near Kennedy Airport during a trip to California were trying to figure out why their car odometer reading jumped by 724 miles while they were out of town. Article