New York Times – Philip A. Falcone has hired UBS to line up investors to finance building a high-speed wireless network, The New York Post reported Saturday. Mr. Falcone’s hedge fund, Harbinger Capital Partners, is pledging billions of dollars in stock, bonds, corporate loans and other assets as collateral for the deal.
According to a financing statement filed by UBS, among the assets Mr. Falcone is posting as collateral is much of Harbinger’s 26 percent equity stake in an iron ore company that recently scrapped its plans for a $400 million I.P.O.
