[Via Satellite 07-03-2014] LightSquared missed a quarterly payment from Phase 2 of its cooperation agreement with Inmarsat. Based on a decision made March 31 2014, LightSquared restarted Phase 2 of its Cooperation Agreement, and the first payment was due July 1, 2014 of $4.1 million along with a related payment of $0.5 million. Inmarsat issued [...]

The post Inmarsat Issues Notice of Default to LightSquared appeared first on Via Satellite.

Source: [url=http://www.satellitetoday.com/technology/2014/07/03/inmarsat-issues-notice-of-default-to-lightsquared/]Inmarsat Issues Notice of Default to LightSquared[/url]


David Cottle

UBB Owner & Administrator