Latest Harbinger Capital Stories

LightSquared Loses Falcone For A Stay From Bankruptcy
2012-05-01 03:47:36

Enid Burns for RedOrbit.com Mobile communications company LightSquared isn't exactly seeing full spectrum. In fact, the wireless company has no stake in the wireless spectrum, which is just one of many problems plaguing the Reston, Va.-based company. After several months as director, hedge fund manager Philip Falcone has agreed to step down, according to a report from the Wall Street Journal. The question is whether Falcone's exit is contingent on the company's efforts to delay...

As FCC Revokes Approval, LightSquared Misses $56M Payment to Inmarsat
2012-02-21 05:28:46

The British satellite telecommunications company Inmarsat has issued a notice of default to the U.S.-based firm LightSquared after it failed to make a $56.25 million payment on its debt. Amidst numerous setbacks – including the unanticipated revocation of FCC authorization – the American company is struggling to implement its plans to develop a 4G LTE wireless broadband communications network integrated with satellite coverage across the U.S. Inmarsat alleges that LightSquared...

2011-01-24 18:45:00

SANTA MONICA, Calif., Jan. 24, 2011 /PRNewswire/ -- CODA Holdings, a California-based leading developer of advanced Lithium-ion power battery systems and all-electric vehicles, today announced that James P. McGinnis and Lord John Browne have joined the company's Board of Directors. Mr. McGinnis and Lord Browne serve as Managing Directors of Harbinger Capital Partners and Riverstone Holdings LLC, respectively, which co-led CODA's $76 million Series D initial closing. (Logo:...

2010-07-20 06:06:00

NEW YORK, July 20 /PRNewswire/ -- Today marks the launch of LightSquared(TM), a new nationwide 4G-LTE wireless broadband network integrated with satellite coverage that will revolutionize communications in the United States. As the nation's first wholesale-only integrated wireless broadband and satellite network, LightSquared will provide wireless broadband capacity to a diverse group of customers, including retailers; wireline and wireless communication service providers; cable operators;...

2010-06-17 08:00:00

NEW YORK, June 17 /PRNewswire/ -- Philip Falcone, Chief Executive Officer of Harbinger Capital Partners (HCP) today released the following statement addressing the Federal Communications Commission's (FCC) broadband policies: "I understand that there has been a fair amount of debate about the regulatory framework that the FCC has chosen for broadband Internet services. I'm not a lawyer and can't get into the fine points of the Communications Act. But I live my life in the financial...

2010-04-28 10:41:00

NEW YORK, April 28 /PRNewswire/ -- Harbinger Capital Partners today announces a partnership with telecommunications visionary Sanjiv Ahuja and announces his selection as Chairman and Chief Executive Officer of its new nationwide 4G-LTE wireless broadband company. The new company, in addition to controlling access to 13 Mhz of terrestrial spectrum, has a controlling interest in SkyTerra Communications, Inc., an L Band (MSS) company. The new company will build the first LTE network to...

2010-04-06 07:14:00

Supports Bell's strategic focus on Canadian broadband network and service investment MONTREAL, April 6 /PRNewswire-FirstCall/ - BCE Inc. (TSX, NYSE: BCE) today announced it has completed the sale of its 22.1 million shares in satellite services company SkyTerra Communication Inc. following the acquisition of SkyTerra by private investment firm Harbinger Capital Partners. The sale yielded proceeds of approximately $111 million. "The sale of our interest in SkyTerra is a perfect example of...

2010-03-26 20:48:00

NEW YORK, March 26 /PRNewswire/ -- Harbinger Capital Partners (HCP) today released the following statement after the Federal Communications Commission announced its decision to authorize the transfer of control of SkyTerra to HCP. HCP applauds today's decision by the Federal Communications Commission to permit the transfer of control of SkyTerra to HCP. With the grant of this application, Harbinger, subject to consummation of the merger, will be able to use SkyTerra's spectrum in concert...

2009-07-27 20:00:00

ST. LOUIS, July 27 /PRNewswire-FirstCall/ -- Solutia Inc. (NYSE: SOA) today announced that it has filed a Registration Statement on Form S-3 to comply with its obligation to register shares of common stock owned by Harbinger Capital Partners Master Fund I, Ltd. (the "Master Fund") and Harbinger Capital Partners Special Situations Fund, L.P. (the "Special Fund", and together with the Master Fund, the "HCP Funds") pursuant to a Registration Rights Agreement that the Company entered into with...

Word of the Day
  • A murmuring sound; a rushing or whistling sound, like that of the wind; a deep sigh.
  • A gentle breeze; a waft; a breath.
  • Any rumor that engages general attention.
  • A cant or whining mode of speaking, especially in preaching or praying; the chant or recitative characteristic of the old Presbyterians in Scotland.
  • To make a rushing, whistling, or sighing sound; emit a hollow murmur; murmur or sigh like the wind.
  • To breathe in or as in sleep.
  • To utter in a whining or monotonous tone.
According to the OED, from the 16th century, this word is 'almost exclusively Scots and northern dialect until adopted in general literary use in the 19th.'