EchoStar’s Dish DBS and wireless subsidiaries filed for prepackaged Chapter 11 bankruptcy in the Southern District of Texas. Over 88% of noteholders support the restructuring plan. The company aims to reduce total debt and increase strategic flexibility.
Delays in a spectrum sale to AT&T prompted the filing. The company missed a $2 billion debt repayment. This deadline passed on July 1.
The bankruptcy excludes Dish TV, Sling TV, Boost Mobile, and Hughes Satellite Systems. Operations for these entities will continue normally without impacting customers or employees.
EchoStar expects to emerge from Chapter 11 by the end of the third quarter of 2026. The restructuring will facilitate an orderly shutdown of the Dish Wireless business.