Deutsche Telekom Discussing Partnership with Harbinger Capital Partners
| May 6th, 2010 | ||
| Deutsche Telekom’s US mobile business, T-Mobile USA, is in early discussions with Harbinger Capital Partners to leverage the 4G network the hedge fund is planning on building next year. T-Mobile USA, the fourth largest wireless provider in the US, suffered declining revenue in 2009 partly because it was slower than its rivals to begin offering 3G technology. With Verizon Wireless unveiling 4G technology later this year, a relationship with Harbinger could provide T-Mobile USA the additional spectrum it needs in order to provide 4G services within the next two to three years. After its March merger with SkyTerra, Harbinger gained control of radio spectrum that can be used for a 4G network. Harbinger plans on providing its 4G network through wholesale arrangements with mobile operators. | ||
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For Detailed Investor Profiles on these Investors, click below: |
Harbinger Capital Partners LLC |
Related People: Omar Asali;
Related Entities: Harbert Management Corporation*;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News
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