EchoStar Preparing Dish DBS Bankruptcy Filing as Soon as Tuesday to Tackle ~$9.75B Debt
- WSJ reported EchoStar is readying a Chapter 11 filing for its Dish DBS satellite-TV unit as early as June 30, even after a March restructuring support agreement with most creditors (WSJ).
- The filing would address roughly $9.75B in debt amid escalating competition from streaming and continued wireless-spectrum build-out costs.
- EchoStar shares and bonds had been pressured for months as the company juggled pay-TV declines and a heavy debt load tied to its Boost wireless ambitions.