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EchoStar's Hughes Satellite Systems Files for Chapter 11 Bankruptcy
BusinessbloombergwsjYahoo+2hollywood-reporterseeking-alpha6d ago5 sources

EchoStar's Hughes Satellite Systems Files for Chapter 11 Bankruptcy

Hughes Satellite Systems, a unit of Charlie Ergen's EchoStar, has filed for Chapter 11 bankruptcy protection as $1.5 billion in debt becomes due. The filing comes amidst increasing competition from services like Starlink and a loss of pay TV subscribers for EchoStar.