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BRIEF-Inmarsat says received payment of a phase 2 quarterly payment from LightSquared
August 29, 2014 / 8:46 AM / 3 years ago

BRIEF-Inmarsat says received payment of a phase 2 quarterly payment from LightSquared

Aug 29 (Reuters) - Inmarsat Plc

* Provides following update with regard to its cooperation agreement with LightSquared

* That it has received payment of a phase 2 quarterly payment from LightSquared

* Payment was received within 60 day contractual cure period triggered by a notice of default issued to lightsquared on 2 july 2014

* Further payments from Lightsquared are subject to significant uncertainty

* Revenue generation of Inmarsat’s mobile satellite services and Inmarsat solutions businesses remains unaffected by today’s announcement Source text for Eikon: Further company coverage:

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