EchoStar Corporation’s satellite pay-TV subsidiary, Dish DBS, is preparing for a Chapter 11 bankruptcy filing. The company may announce the move as early as this week.
The subsidiary operates Dish Network, Sling TV, and Boost Mobile. This restructuring aims to address significant debt loads and resolve ongoing litigation.
Intense competition from video, broadband, and wireless providers has fueled high customer churn. These market pressures have negatively impacted the unit's revenue and subscriber growth.
The bankruptcy process will allow the company to restructure its finances and operations.