Beleaguered Satellite Firm Ligado Networks Sues US for $39B in Spectrum Rights Dispute
Portfolio Pulse from Vandana Singh
Satellite company Ligado Networks has filed a lawsuit against the U.S. government, alleging that the Defense and Commerce Departments obstructed its business plans. The company seeks compensation of up to $39 billion for spectrum rights it claims were unjustly denied. This comes amid a looming threat of $4 billion in November bond payments. The lawsuit alleges that the Pentagon took control of Ligado's spectrum in the L-band without disclosing alternative purposes to other regulators or Congress.
October 13, 2023 | 6:14 pm
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NEUTRAL IMPACT
The lawsuit filed by Ligado Networks against the U.S. government could potentially impact the FCOM ETF, which includes telecommunications companies.
The lawsuit could potentially impact the telecommunications sector, which FCOM ETF is exposed to. However, the direct impact on FCOM is uncertain at this stage.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The lawsuit filed by Ligado Networks against the U.S. government could potentially impact the FIVG ETF, which includes 5G companies.
The lawsuit could potentially impact the 5G sector, which FIVG ETF is exposed to. However, the direct impact on FIVG is uncertain at this stage.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The lawsuit filed by Ligado Networks against the U.S. government could potentially impact the IYZ ETF, which includes telecommunications companies.
The lawsuit could potentially impact the telecommunications sector, which IYZ ETF is exposed to. However, the direct impact on IYZ is uncertain at this stage.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50