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Friday April 25, 2014

NY’s Harbinger Capital Makes $7 Billion Deal with Nokia

New York investment firm Harbinger Capital, which specializes in telecommunications holdings, plans to announce today an eight-year $7 billion deal with Nokia Siemens Networks to build and operate a mobile broadband network and satellite for wireless providers.

This new deal will feature the mobile high-speed Internet service and will rely on satellites and terrestrial spectrum that Harbinger acquired after purchasing SkyTerra earlier this year. The deal will include network design, equipment manufacturing and installation, as well as network operations and maintenance by Nokia.

Washington Post

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