Ligado Raises $100M in Financing for 5G Mission-Critical Networks
Friday, May 29, 2020 | Comments

Ligado Networks announced more than $100 million in new investments to begin taking the necessary steps to build 5G internet of things (IoT) networks that serve mission-critical industries such as public safety and emergency response, commercial transportation, energy and manufacturing.

The financing comes after Ligado received FCC approval last month to begin operations.

"With this new round of capital, we are better prepared than ever to do exactly what we've said: Get this mid-band spectrum deployed to support the next-generation wireless networks needed to bring America's critical infrastructure and essential services into the 21st century," said Ligado CEO Doug Smith. "The investments will create American jobs, expand innovation and directly enhance critical industries such as first responders, health care workers and supply chain personnel that depend on ubiquitous and ultra-reliable networks to protect and secure American lives."

The new investment provides capital specifically earmarked to operationalize Ligado's vision. It will support expansion of the wireless ecosystem, including chipset and device development and spectrum standardization. Besides supporting critical entities, Ligado's services can also serve customers in the transportation, agriculture, energy and supply chain sectors.

"At a time of unprecedented uncertainty at home and abroad, we stand ready to help boost America's economic progress, job creation and national security by providing critical support to the companies and workers that this country can't live without, which is important now more than ever," Smith said.

The company is also taking steps to enhance its current services and introduce new offerings to current customers. These include facilitating IoT device operations across both satellite and terrestrial networks and providing spectrum partnerships to mobile operators, supporting the wireless networks that millions of Americans use every day.

Ligado did not release what entities have made the new investments.

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