Oct 14 (Reuters) - Teligent Inc (NEW JERSEY) TLGT.O :
* TELIGENT TO PURSUE ASSET SALE THROUGH VOLUNTARY CHAPTER 11 PROCESS
* TELIGENT - ARRANGING $12 MILLION DEBTOR-IN-POSSESSION FINANCING FROM ITS SENIOR SECURED LENDERS AND ACCESS TO ITS CASH COLLATERAL ON A CONSENSUAL BASIS
* TELIGENT INC - CANADIAN ENTITIES TO PURSUE SALE PROCESS OUTSIDE OF CHAPTER 11
* TELIGENT - EXPECTS TO CONSUMMATE A SALE OF ENTIRE BUSINESS OR ITS CORE ASSETS BY EARLY 2022
* TELIGENT - CEO TIM SAWYER AND CHIEF LEGAL OFFICER AND EXECUTIVE VICE PRESIDENT PHILIP YACHMETZ RESIGNED EFFECTIVE OCT 8
Source text for Eikon: ID:nPnbmCmRsa Further company coverage: TLGT.O
((Reuters.Briefs@thomsonreuters.com;))