The Charlie Ergen-backed payTV operation, EchoStar, which includes DISH as well as Hughes Network Systems, is reportedly contemplating the option of filing for Chapter 11 bankruptcy—EchoStar firmly denies the report, which originated in The Wall Street Journal.
This move is perhaps a last-ditch part of the company’s strategy to protect its valuable wireless spectrum licences, which are at risk of being revoked by U.S. federal authorities. EchoStar is accused of failing to build out it 5G cellular system across the US fast enough.
Despite these reports, an EchoStar spokesperson refrained from commenting directly on the bankruptcy rumors, emphasizing the company’s ongoing commitment to providing wide-reaching connectivity globally. EchoStar continues to position itself as a competitive choice against established wireless service providers.
