Philip Falcone, Senior Managing Director, Harbinger Capital Partners

"What makes him powerful: Philip Falcone, a former trader with Barclays Capital, founded Harbinger Capital Partners in 2001 with the intent of specializing in distressed events or strategies.

The firm has owned stakes in the New York Times Company and British sugar producer Tate & Lyle.

More interestingly, it currently owns a stake in mobile satellite firm SkyTerra. Harbinger gained notoriety earlier this year when it launched LightSquared, a new venture that will use SkyTerra's MSS spectrum, Ancillary Terrestrial Component spectrum and terrestrial-only spectrum--along with spectrum hosting and pooling agreements--to roll out a nationwide wholesale LTE network.

LightSquared plans initial LTE trials in Baltimore, Denver, Las Vegas and Phoenix.

The firm, which has access to a total of 59 MHz of spectrum, has said its network will consist of around 40,000 cellular base stations covering 92 percent of the U.S. population by 2015. LightSquared's plans stunned many in the industry and sparked a lot of skepticism over whether Falcone and LightSquared could generate enough funding to follow through on the ambitious LTE plans.

Nevertheless, Falcone and his team are moving full steam ahead.

In July LightSquared announced it received an additional $1.75 billion in debt and equity .. "

Source of Philip Falcone, Senior Managing Director, Harbinger Capital Partners, Lightsquared Post
http://www.4gspeed.net/articles/390807/20-philip-falcone-senior-managing-director-harbing/