Ligado Networks sues Inmarsat after spectrum partnership
3 days ago · Two days after filing for Chapter 11 bankruptcy protection, Ligado said in a Jan. 7 news release that it is seeking financial damages and restitution for more than $1.7 billion paid to Inmarsat ...
Satellite operator Ligado sues Inmarsat after bankruptcy filing
4 days ago · Bankrupt satellite communications company Ligado on Tuesday sued its contract partner Inmarsat over a 2007 spectrum leasing agreement, seeking to recoup up to $1.7 billion in payments under the ...
Ligado Files Chapter 11, Commences Restructuring to Slash Debt …
Ligado Networks yesterday announced it has filed for Chapter 11 bankruptcy and is putting in place a restructuring plan that the company says will reduce its current debt load of $8.6 billion to ...
Ligado Files for Chapter 11, Makes Deal with AST SpaceMobile for …
5 days ago · Ligado Networks has filed for Chapter 11 restructuring, and has signed a deal with AST SpaceMobile to allow the company to use Ligado’s mid-band spectrum.. Ligado announced the bankruptcy filing on Jan. 6, saying in a statement it incurred “large operational losses” from the U.S. government’s “unlawful taking” of its spectrum rights without compensation.
Satellite Operator Ligado Networks Files for Bankruptcy (3)
4 days ago · Ligado Networks filed for bankruptcy after the satellite company struggled to address near-term liabilities, including more than $4 billion of debt that matured in November 2023.. Ligado, based in Virginia, listed both assets and liabilities of $1 billion to $10 billion in a Chapter 11 petition filed in Delaware.
Ligado files for bankruptcy after stalled wireless expansion
4 days ago · Wireless network company Ligado Networks LLC filed for bankruptcy in Delaware late on Sunday, seeking to cut $7.8 billion in debt after U.S. government agencies blocked its planned expansion into ...
US seeks dismissal of Ligado’s $40 billion roadblocked 5G …
Jan 26, 2024 · The United States government has called on the U.S. Court of Federal Claims to throw out a lawsuit from Ligado Networks seeking $40 billion over the company’s derailed wireless network plans.
Ligado's $39B lawsuit against federal government can move …
Nov 18, 2024 · In October 2023, Ligado sued the government for $39 billion over claims that officials at the Departments of Defense and Commerce took “unlawful actions” to, in effect, improperly seize without...
Ligado, Lenders Look to Debt Restructuring After Court Ruling
Dec 10, 2024 · Ligado struggled to pay off or refinance more than $4 billion of first-lien bonds that were set to mature last year, leading to a forbearance agreement. The talks come as Ligado is pushing ahead with a lawsuit it’s hoping could result in a financial windfall, the people said.
US moves to dismiss Ligado spectrum lawsuit, disputes court ...
Jan 26, 2024 · WASHINGTON — The Justice Department (DoJ) has filed to dismiss satellite communications firm Ligado Network’s October 2023 lawsuit against the federal government, arguing both that the court does...
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