Satellite operator Ligado Networks LLC requested temporary relief from making an upcoming $100 million payment to business partner Inmarsat Global Ltd., saying the telecom services provider breached an agreement.
Ligado didn’t “receive the benefit of its bargain” when Inmarsat filed a petition to deny the satellite operator’s application for a proposed non-geostationary orbit satellite system and later withdrew it, the company said in a Monday filing in the US Bankruptcy Court for the District of Delaware.
“A single sentence of support, standing alone and without explanation, does not—and cannot—neutralize the substantive arguments, technical objections, and policy concerns Inmarsat articulated across ...