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LightSquared, the company that undertook a failed venture to launch wholesale hybrid terrestrial and satellite broadband network, rebranded itself under the new name Ligado Networks on Wednesday.

 “Our new brand speaks to that new focus on connectedness, and our new vision is to utilize mid-band spectrum in order to accelerate the delivery of advanced technology and next-generation mobile networks,” CEO Doug Smith said in a statement.

According to Smith, Ligado is working with the industry and government to make more spectrum available for use in an effort to bring “next-generation connectivity to market.” Smith said the availability of more spectrum for mobile broadband will be an important driver of investment in network infrastructure and innovation.

Over the next several months, Ligado said it will aim to bring its mid-band spectrum, a nationwide block of 1525 MHz to 1559 MHz spectrum in the L-Band, to the market for mobile broadband use.

Smith and Ligado’s Board of Directors, which is chaired by former Verizon CEO Ivan Seidenberg, said they envision the company’s mid-band spectrum as a catalyst for continued innovation and advancement in mobile connectivity, particularly for the Internet of Things and 5G services.

“In order to accelerate delivery of innovative services in such verticals as healthcare, automotive, industrial, shipping, home, and municipal sectors and to more broadly fulfill the promise of next-generation mobile networks, more mid-band spectrum is needed,” Smith said. “Mid-band spectrum is part of the solution to deliver ultra-reliable, highly-secure, and capacity-rich connectivity.”

The move marks a step forward for the company, which was forced to file for bankruptcy in 2012 after the FCC shot down its network plan over fears it would interfere with GPS systems.

Following its bankruptcy filing, LightSquared submitted a restructuring plan to the courts that was approved in March 2015. The company then transferred ownership of its spectrum to JPMorgan Chase & Co., in November.

But the company hasn’t given up its dream.

In Devember, LightSquared announced that it had come to an agreement with Deere & Company on spectrum use parameters for terrestrial service in the L-Band relating to the company’s licenses as regulated by the FCC.

Want More? Watch Tuesdays with Roger: LightSquared, Twilio and the Regulatory Environment

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