Inmarsat over the moon with LightSquared settlement

Satellite communications group Inmarsat has reached a settlement with its US partner, Lightsquared, over the money the US wireless network company owes the FTSE 250 firm.

Satellite communications group Inmarsat has reached a settlement with its US partner, Lightsquared, over the money the US wireless network company owes the FTSE 250 firm.

The two parties have renegotiated their co-operation agreement to take into account LightSquared's cash flow difficulties.

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