Ligado Networks is in Chapter 11 restructuring, and is fighting to block attempts from Inmarsat and Viasat to halt its financial rescue and refinancing. Inmarsat, now part of Viasat, is looking to recover its former L-band frequencies and capacity from the restructuring.
Inmarsat had previously leased the L-band spectrum to Ligado in 2007 for a period of 99 years. Ligado is in the process of suing its former partner Inmarsat over that 2007 spectrum leasing agreement, and is seeking to recoup up to $1.7 billion in payments under the agreement.
Ligado, which filed for Chapter 11 protection in January, has allegedly said that UK-based Inmarsat has violated the 2007 agreement meant to coordinate the two…
