SK Telecom may invest in LightSquared

SK Telecom is in talks with the hedge fund Harbinger Capital Partners about investing in LightSquared, which is building a wholesale LTE network that will allow for terrestrial-only, satellite-only or integrated satellite-terrestrial services (via the terrestrial and MSS spectrum Harbinger scored through a merger in March with satellite operator SkyTerra). An SK Telecom spokeswoman told Reuters that the South Korean operator is discussing investment terms with Harbinger. SK Telecom got out of the U.S. market in 2008 when it sold MVNO Helio to Virgin Mobile USA. LightSquared CEO Sanjiv Ahuja said the company is in talks with at least 35 technology companies about becoming partners, and that the company will begin building its network in December. Article

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