Legal

Declan Ganley’s Rivada reaches for the stars while teetering on a precipice

Former US secretary of state Mike Pompeo is to join the board of Ganley’s firm ahead of a massive European telecoms deal, but an ongoing legal dispute is revealing the vulnerable underbelly of a company $42 million in the red

Declan Ganley: The telecoms chief announced that Mike Pompeo as a member of the board of his company. Picture: Michael Dillon

Last week Declan Ganley announced a major coup: he had just appointed Mike Pompeo, former head of the CIA and former US secretary of state, as a member of the board of his company, Rivada Networks.

Pompeo’s role will be to advise Rivada on strategic issues as the company grows and expands into new markets.

He’ll have plenty of back-up. Rivada’s board is already stacked with high profile figures from the worlds of US politics ...