Ligado Networks Files for Bankruptcy to Slash $7.8 Billion Debt
Ligado Networks LLC has filed for bankruptcy in Delaware, seeking to cut $7.8 billion in debt after the U.S. Department of Defense blocked its land-based 5G expansion plans.
Ligado Networks LLC filed for bankruptcy in Delaware, aiming to reduce $7.8 billion in debt after its expansion into land-based 5G was blocked by the U.S. Department of Defense.