Harbinger Capital News

Sprint is teaming up with LightSquared to provide 4G service to its customers, allowing Sprint to compete better against AT&T and Verizon.

AT&T's $39 million acquisition of T-Mobile dominated the headlines this week, overshadowing the CTIA wireless show in Orlando.

Sprint was interested in buying T-Mobile to fight off AT&T and Verizon, but now that AT&T swooped in, Sprint is left out in the cold with few options left.

Sprint is considering whether to allow rival T-Mobile to invest in Clearwire, the company that is building out its "4G" service, in a move that would let the two companies share the same next-generation network.

U.S. consumers are going to have more options with fourth-generation, or 4G, service, as private-equity firm Harbinger Capital announced plans to build out a new high-speed network to challenge the major carriers.

Deutsche Telekom, the parent company of T-Mobile, is in early-stage talks with Harbinger Capital, a hedge fund that owns radio spectrum, about the possibility of forming a partnership to lease the investment firm's fourth-generation network.