Sunday, October 25, 2020 Ligado
Ligado Networks announced nearly $3.85 billion in new capital for supporting its upcoming 5G launch. The funding was led by JPMorgan Chase & Co., and included both existing and new investors.
Since its bipartisan, unanimous approval from the FCC in April 2020, Ligado has made important strides to realize the full potential of its spectrum and progress toward bringing next-generation services to market. In June 2020, Ligado’s submissions into 3GPP – the industry forum that adopts technical specifications for terrestrial spectrum – were approved and, importantly, enjoyed the support of global vendors such as Nokia, Intel, Samsung, and Sequans. This capital raise will further strengthen the company’s commercial collaboration with chipset designers, device manufacturers, and network infrastructure providers.
“Today is a great day, and now the fun begins. We’ve secured our license, we’ve raised the necessary capital, and we’re in a great position to work with the industry to get this spectrum deployed for 5G to support critical industries across the U.S.,” said Doug Smith, Ligado President and CEO.
“This new round of funding from existing and new investors validates our 5G plans to deploy this spectrum,” said Ivan Seidenberg, Chairman of Ligado’s Board of Directors. “We look forward to making continued progress to build the commercial ecosystem and fully execute on our vision for this spectrum as authorized by the FCC.”
www.convergedigest.com/2020/10/...es-385-billion-for-its.html
Ligado Networks announced nearly $3.85 billion in new capital for supporting its upcoming 5G launch. The funding was led by JPMorgan Chase & Co., and included both existing and new investors.
Since its bipartisan, unanimous approval from the FCC in April 2020, Ligado has made important strides to realize the full potential of its spectrum and progress toward bringing next-generation services to market. In June 2020, Ligado’s submissions into 3GPP – the industry forum that adopts technical specifications for terrestrial spectrum – were approved and, importantly, enjoyed the support of global vendors such as Nokia, Intel, Samsung, and Sequans. This capital raise will further strengthen the company’s commercial collaboration with chipset designers, device manufacturers, and network infrastructure providers.
“Today is a great day, and now the fun begins. We’ve secured our license, we’ve raised the necessary capital, and we’re in a great position to work with the industry to get this spectrum deployed for 5G to support critical industries across the U.S.,” said Doug Smith, Ligado President and CEO.
“This new round of funding from existing and new investors validates our 5G plans to deploy this spectrum,” said Ivan Seidenberg, Chairman of Ligado’s Board of Directors. “We look forward to making continued progress to build the commercial ecosystem and fully execute on our vision for this spectrum as authorized by the FCC.”
www.convergedigest.com/2020/10/...es-385-billion-for-its.html