PARIS — Unlike some in-flight-connectivity providers, Inmarsat has a broad enough portfolio to allow it to view Covid-19’s effects on commercial air travel as something less than an existential threat.
With Ligado Networks’ Oct. 23 announcement that it had closed $3.85-billion financing round, Inmarsat’s position has only become stronger. Ligado’s cash payments to Inmarsat will resume, with $700 million expected to arrive in Inmarsat’s account by year’s end.
Ligado has long-term cash obligations to Inmarsat . . .
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