Wireless Venture Ligado in Talks to Restructure Debt

Wireless Venture Ligado in Talks to Restructure Debt

This post was originally published on this site

Subscribe, Like And Share!

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…


Subscribe, Like And Share!

Leave a Reply