Teligent will continue to operate its quotidian whilst it carries out reorganization to try to return the financial security of the company.
The company stated in a press release that it has also entered into an interim arrangement with its investors to fund near-term operations.
Our goal is to emerge from this reorganization with the appropriate cost framework to allow us to maximize the value of our nationwide network, positioning the company for significant future growth, said Yoav Krill, CEO of Teligent.
