statements, the company was hoping to restructure so that it could raise requisite capital to launch new satellite technology in 2022/2023, at a cost of some US$1.6 billion. The technology could compress existing licensed C-band spectrum customers into just forty per cent of the spectrum used in 2019. The release of spectrum would enable the company to receive up to US$4.86 billion in "spectrum clearing payments" from the FCC for clearing the spectrum by December 2023, two years ahead of the FCC baseline plan.

Emergence from bankruptcy as a private company