LightSquared’s big gamble: A brand-new wireless network

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — Watch out AT&T, Sprint and Verizon: A whole host of super-fast wireless services could be coming down the pike.

LightSquared, a new 4G wireless network backed by private-equity firm Harbinger Capital Partners and to be built by Nokia Siemens, is set to roll out starting next year. By 2015, LightSquared intends to have its network covering 92% of the U.S. population, the company announced this week.

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