Bloomberg

Ligado Networks LLC overcame powerful opposition to its proposed broadband network with some help from inside-the-Beltway figures close to President Donald Trump’s White House. The Reston (VA)-based company prevailed with a costly persuasion campaign overseen by a blue-chip roster of lobbyists and board members.

Intelsat is seeking backers for a bankruptcy loan that would keep the satellite service in business under Chapter 11 court protection while it’s waiting for billions of dollars in proceeds from a government spectrum auction. A Chapter 11 bankruptcy filing would allow Intelsat to address its $14 billion debt load as federal regulators head toward an auction of C-Band satellite spectrum. Intelsat needs to spend $1.5 billion to $2.5 billion to prepare its spectrum for sale, and it could net up to $4.8 billion for handing over its C-Band by certain deadlines.