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BRIEF-Inmarsat says did not receive $17.5 mln dues from LightSquared
October 1, 2014 / 1:27 PM / 3 years ago

BRIEF-Inmarsat says did not receive $17.5 mln dues from LightSquared

Oct 1 (Reuters) - Inmarsat Plc

* Announces that a payment due from LightSquared under terms of cooperation agreement between two companies has not been received.

* As a result Inmarsat has issued a notice of default to LightSquared in accordance with terms of agreement.

* Revenue generation of Inmarsat’s group business remains unaffected by today’s announcement Source text for Eikon: Further company coverage:

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