Dish DBS Files for Bankruptcy After $20 Billion AT&T Spectrum Deal Hits Snag
- EchoStar's Dish DBS satellite-TV unit filed for Chapter 11 on June 30 after a snag in its roughly $20 billion spectrum-sale agreement with AT&T, according to WSJ's Pro Bankruptcy coverage.
- The company told the court it expects to repay creditors once the AT&T transaction closes, leaving the spectrum deal as the central pivot for the restructuring.
- Filing caps a multi-year decline in pay-TV subs and removes one of the few remaining independent satellite distributors in the U.S. market.