Ligado Networks has raised more than $100 million in a first wave of investment for the build-out of its planned 5G/IoT network, even as a federal agency recently asked the Federal Communications Commission to pause and reconsider Ligado’s ability to operate in its L-Band spectrum under new rules that the commission approved in April.
The new network funding will be “specifically earmarked to operationalize” Ligado’s plans, the company said, and will support chipset and device development and “spectrum standardization.”