Inmarsat Can’t Predict LightSquared Payments From Discussion
This article is for subscribers only.
Inmarsat Plc, the biggest provider of satellite services to the maritime industry, said it’s in talks with customer LightSquared Inc. and can’t predict whether it will receive outstanding payments.
While the companies are talking, “investors should take a very conservative stance on payments being received,” Chief Executive Officer Rupert Pearce said on a conference call today. LightSquared’s business model faces “significant uncertainty” because of U.S. regulatory developments, London-based Inmarsat said in a statement.