Ligado Says Looking for Strategic Partners for 5G Network Plans

Finding strategic partners is a key component of Ligado's plan for a satellite/terrestrial network aimed at the industrial IoT space, the company said in a statement Tuesday after reports it's working with a pair of investment banks on finding strategic alternatives. Reuters reported that Ligado could face difficulty in finding investment because of its debt load and uncertainty over FCC approval for its planned satellite-broadband LTE network.