Time Warner Cable in talks with LightSquared regarding wholesale deal

28 Mar 2011

According to Bloomberg, Time Warner Cable (TWC) is in talks with LightSquared, the USD7 billion Long Term Evolution (LTE) open-access mobile network that will utilise satellite spectrum acquired by New York investment firm Harbinger Capital. Citing two people familiar with the situation, Bloomberg reports that TWC is keen to re-sell 4G services over LightSquared’s network, although the unnamed sources have stressed that negotiations are not public, and no deal is guaranteed. As reported by CommsUpdate, last week LightSquared signed up retail chain Best Buy as a customer for its wholesale LTE network, and also struck a long-term roaming agreement with pre-paid mobile operator Leap Wireless to supplement its own planned LTE coverage. According to the terms of its licence the LightSquared network must achieve coverage of 100 million people by the end of 2012, 145 million people by the end of 2013 and 260 million people (not including satellite coverage) by the end of 2015. The network is expected to launch in 2H11.