Nokia Siemens Networks wins 7 Billion USD contract to build LTE network; 40,000 base stations, 92% US coverage by 2015
Just shortly after the 1.2 Billion USD acquisition of Motorola wireless assets, Nokia Siemens Networks yesterday won a 7 Billion USD contract to create and maintain a LTE network called LightSquared on behalf of Harbinger Capital Partners (HCP).
This network will consist of 40,000 base stations, which by 2015 will cover 92% of the US.
Philip Falcone, Founder and CEO of HCP said,
“…demand for wireless broadband is growing at a rapid pace and there is an increasing need for additional network capacity and reach. Importantly, LightSquared will also make a significant contribution to U.S. job growth and the economy.”
LightSquared has appointed Orange Exec, Sanjiv Ahuja as Chairman and CEO. Another former Orange Executive , LightSquared’s Marketing Chief, Frank Boulben, expects to reach cash-flow break even a couple of years before the end of the NSN contract and so financial requirements will peak at 5 Billion USD. 1.75 Billion USD are from unnamed financial investors and a second round of financing during the next two years.
Baltimore, Phoenix, Las Vegas and Denver will be the first test areas
LTE – Long Term Evolution.
[youtube=http://www.youtube.com/watch?v=kcmDEBpHL5c]
Category: Nokia
About the Author (Author Profile)
Hey, thanks for reading my post. My name is Jay and I'm a medical student at the University of Manchester. When I can, I blog here at mynokiablog.com and tweet now and again @jaymontano. We also have a twitter and facebook accounts @mynokiablog and  Facebook.com/mynokiablog. Check out the tips, guides and rules for commenting >>click<< Contact us at tips(@)mynokiablog.com or email me directly on jay[at]mynokiablog.comSubscribe
If you enjoyed this article, subscribe to receive more just like it.
Connect
Connect with us on the following social media platforms.