Judge Approves Ligado and AST SpaceMobile’s $550M Deal - USA Herald

Forrester’s Digest: Ligado + AST SpaceMobile deal approved by judge – SatNews

A Delaware bankruptcy court on June 23rd approved the long-term acquisition by AST SpaceMobile (AST) of Ligado’s L-band spectrum over North America. The judge, Thomas Horan, was brief in saying, “I am going to grant the motion today. The motion is granted.” The motion in question was that AST would pay $568 million (€490 million) to Ligado, which in itself will allow Ligado to settle its outstanding debts to London-based satellite operator Inma…

Ligado, AST SpaceMobile deal approved by judge

A Delaware bankruptcy court on June 23rd approved the long-term acquisition by AST SpaceMobile (AST) of Ligado’s L-band spectrum over North America. The judge, Thomas Horan, was brief in saying: “I am going to grant the motion today. The motion is granted”. The motion in question was that AST would pay $568 million (€490m) to […]

Judge Approves Ligado and AST SpaceMobile’s $550M Deal - USA Herald

In a dramatic courtroom twist with orbit-shifting implications, a Delaware bankruptcy judge on Monday greenlit Ligado Networks’ $550 million partnership with AST SpaceMobile, signaling a breakthrough in the satellite firm’s audacious quest to slash nearly $8 billion in debt and launch a new era of space-based broadband connectivity. The greenlight from U.S. Bankruptcy Judge Thomas M. Horan allows Ligado to formally enter into a sweeping commerci…