Ottawa—Dentons has advised Ligado Networks LLC, a leading North American mobile satellite operator, on US$3.85 billion in new capital raised to advance its plans to provide 5G telecommunication services utilizing sub-2 GHz L-band spectrum, for which the Ligado Network companies hold licences in both the United States and Canada.

Ligado Networks, formerly known as LightSquared, is a wireless communications company focused on bringing additional licensed spectrum to market and developing next-generation 5G services. The new financing enables the company to build the commercial ecosystem and fully execute its vision for its spectrum.

Dentons provided Canadian legal advice to the company in respect of the financing in the areas of regulatory, banking, corporate, restructuring and securities.

David Little, managing partner of Dentons’ Ottawa office who led the Dentons team, said, “Our multi-disciplinary team is delighted to have supported Ligado on this significant capital markets transaction. It is great to utilize our deep expertise in the communications sector across multiple offices in Canada to work with companies that are leading the way in their field.”

Alongside David Little, the team included Heidi Clark, Monica Song, John Salmas, Ora Wexler, Larry Nevsky, Anneli Legault, Catherine Coulter, Danijel Augustinovic, Jonathan Meyer, Mark Freake, Anna Clark, Sandra Lett, Natalie Fang, Ali Rennie and Annette Fournier.

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