AT&T and Verizon hopes of having the market share of LTE (Long Term Evolution) could now be challenged by a private equity firm based in New York. Harbinger Capital Partners is planning to build a 4G wireless network, in what is a multibillion-dollar contract.
In the plan, we will see the company deploy LTE over a spectrum that is owned by a number of satellite companies — in doing so will create an open wireless network. For any one who offers mobile broadband, they will have the opportunity to pass this wholesale network to its customers.
The reason why this will affect AT&T and Verizon is the fact that they will no longer be able to purchase huge chunks of the network or spectrum, which GIGAOM explains in more detail. AT&T and Verizon are all for LTE, Sprint prefer to go down the WiMax route, read more about that in a our recent article.
If all goes to plan, then this new network will launch in Q3 2011 and will offer Open LTE to more than 9 million people in the U.S. — first trials are to begin in Denver and Phoenix.
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