LightSquared is having a hard time of it in the months following the FCC ruling that effectively killed its business model. However, in a move to stave off its impending restructuring, LightSquared has paid an overdue bill of $56.3 million to the British company Inmarsat. This lets LightSquared off the hook for future payments, and puts a hold on its debt to the company until April, 2014.

[Source: Bloomberg]