LightSquared
 |
|
| Private | |
| Industry | Satellite communications |
| Founded | December 7, 2015 |
| Headquarters | Reston, Virginia, United States |
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Area served
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North America |
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Key people
|
President and Chief Executive Officer Douglas Smith |
| Products | Satellite communications |
| Owner | (controlling owners) |
| Website | www.ligado.com |
Ligado Networks is an American satellite communications company developing a satellite-terrestrial network to support 5G and Internet of Things applications in North America. The Reston, Virginia-based company has 40 MHz of spectrum licenses in the nationwide block of 1500 MHz to 1700 MHz spectrum in the L-Band. It operates the SkyTerra 1 satellite.
The company was formerly known as LightSquared, which sought to develop a wholesale 4G LTE wireless broadband communications network integrated with satellite coverage across the United States. Concerns over interference ultimately prevented LightSquared from deploying its planned network. After restructuring, emerging from bankruptcy and modifying its network plan, the new company, Ligado Networks, launched in 2016.
Ligado Networks is based out of Reston, Virginia. The company is governed by a seven-member board of directors that includes Chairman Ivan Seidenberg, a former chairman of Verizon Communications; Timothy Donahue, former executive chairman of Sprint Nextel and former president and CEO of Nextel Communications; and former Federal Communications Commission Chairman Reed Hundt. Doug Smith is president and CEO.Fortress Investment Group, LLC, Centerbridge Partners LP and JPMorgan Chase & Co. own controlling stakes in Ligado Networks; Harbinger Capital Partners maintains a minority stake.
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Wikipedia