Inmarsat has potential ‘bad debt’ problem
London-based Inmarsat has a major customer in the shape of US-based Lightsquared. On July 2nd Inmasat confirmed what the market had suspected, that Ligtsquared was missing paying its quarterly bills. Virginia-based Lightsquared has a long-standing ‘Cooperation Agreement’ with Inmarsat. Lighsquared, founded by hedge fund player Phil Falcone, is developing a 4G-Satellite broadband communications network. It […]
