Wireless Venture Ligado in Talks to Restructure Debt

Wireless venture Ligado Networks LLC is in talks with key creditors and shareholders to restructure about $8 billion in debt and other obligations while buying time to monetize its 5G-network assets, according to people familiar with the matter. The company, formerly known as LightSquared, faces a large maturity of senior debt which comes due in December. While earlier this year Ligado won Federal Communications Commission approval to use its wireless spectrum licenses to support a ground-based network, the company is a long...

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