Ligado Networks Files for Bankruptcy Amid 5G Setback Ligado Networks LLC enters bankruptcy, converting $7.8 billion debt into equity as 5G expansion plans face obstacles. Learn more about this telecom shift.
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.