trending Market Intelligence /marketintelligence/en/news-insights/trending/vtRJueAQoy1i8X54seRqlA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Report: Ligado hires adviser for potential debt restructuring, recapitalization

Measuring The Wireline Digital Divide In The US

2019 Latin America Multichannel, Broadband And Mobile Market Overview

New Kagan Report: State of Mexican TV Broadcast Sector

Asia-Pacific Tower, Small Cell, DAS Projections Through 2029

Report: Ligado hires adviser for potential debt restructuring, recapitalization

Wireless communications company Ligado Networks hired the services of investment bank Moelis & Co. as it prepares for a potential debt restructuring or recapitalization, The Wall Street Journal reported Jan. 7, citing people familiar with the matter.

The move comes as the company, previously called LightSquared, is seeking approval from the U.S. Federal Communications Commission to launch a wireless service. Ligado previously requested the FCC to modify its license to repurpose the spectrum for 5G services. However, the request was turned down after Pentagon officials, spectrum users and weather data researchers urged the FCC to say no.

In case the FCC rules against Ligado and blocks its business plans, this would be the company's second restructuring plan.

Ligado's controlling owners include Fortress Investment Group LLC, Centerbridge Partners LP and JPMorgan Chase & Co.