EchoStar Corporation's subsidiary, DISH DBS, along with DISH Wireless, voluntarily filed for a prepackaged Chapter 11 restructuring on June 30, 2026. The move is intended to implement a Restructuring Support Agreement backed by over 88% of DISH DBS noteholders. This action was prompted by delays in the closing of a spectrum sale to AT&T, which prevented the repayment of $2.0 billion in notes due July 1, 2026.
The restructuring plan will allow DISH DBS to repay its debt and complete the wind-down of the DISH Wireless 5G network. The company has filed in the Southern District of Texas and expects to emerge from bankruptcy before the end of the third quarter of 2026. EchoStar stated that operations for its other brands, including DISH TV, Sling TV, and Boost Mobile, will not be affected by the proceedings.