October 06, 2014
[Via Satellite 10-06-2014] Inmarsat reports LightSquared has not submitted a quarterly Phase 2 payment due on Sept. 30. The company owed $12.5 million along with a related payment of $5 million, which was never received. Based on the terms set in the cooperation agreement, Inmarsat issued a notice of default on Oct. 1, 2014. LightSquared...
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