LA PLATA, Maryland — Mobile satellite services operator Ligado Networks, which for 20 years has struggled to deploy a satellite/terrestrial 5G broadband network in the United States, filed for Chapter 11 bankruptcy protection with an exit plan relying on investment from mobile satellite operator AST SpaceMobile in return for AST’s access to Ligado’s L-band spectrum.
The Ligado-AST agreement, disclosed by both companies Jan. 6, is contingent on Ligado debtors’ acceptance of the transaction and also contingent on U.S. regulatory approval of AST’s use . . .
To view the entire article, become a subscriber!
