Satellite Co. Ligado Hits Ch. 11 With $8.6B Of Debt

By Alex Wittenberg · January 6, 2025, 11:23 AM EST

Satellite business Ligado Networks filed for Chapter 11 protection in Delaware bankruptcy court with about $8.6 billion of debt and a plan to hand control of the company to creditors after...

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Bankruptcy Scorecard

Summary

A significant investment in 5G technology and disputes with the U.S. government over spectrum usage have driven satellite business Ligado Networks into financial distress, prompting the company to seek Chapter 11 protection.

Case Number

1:25-bk-10006

Judge

Thomas M. Horan

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$9.1 billion

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