LightSquared rumoured to buy 4G from AT&T

NEW YORK, USA: Broadband and satellite company LightSquared, backed by billionaire Philip Falcone, could buy 4G network capacity from US wireless carrier AT&T, Bloomberg reported, citing two people with knowledge of the deal.

LightSquared would pay to use AT&T's fourth-generation network when it needs additional capacity, the news agency reported.

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AT&T and LightSquared did not immediately respond to requests seeking comment.

AT&T plans to invest $19 billion this year in its national wireless and wireline networks and other capital projects to enable 4G speeds across the country.

Reston, Virginia-based LightSquared is owned by two main investment funds of Falcone's $6 billion Harbinger Capital Partners hedge fund.

In March, LightSquared entered a roaming agreement with Leap Wireless International to help the low-cost carrier Leap access more network capacity from LightSquared.