Time Warner Cable Said to Be in Talks to Use Falcone Network
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Time Warner Cable Inc. is in talks with billionaire Philip Falcone’s LightSquared Inc. to use the wireless venture’s network to provide mobile-Web access for its customers, two people familiar with the situation said.
LightSquared, backed by Falcone’s Harbinger Capital Partners hedge fund, is discussing selling so-called fourth-generation network service to New York-based Time Warner Cable, although no deal is guaranteed, said the people, who declined to be identified because the negotiations aren’t public.