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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.
3 Aug, 04:22 — 3 Aug, 13:24
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bloombergHigh6d ago
EchoStar Unit Hughes Satellite Files for Bankruptcy as Debt Falls Due
Hughes Satellite Systems Corp. filed for Chapter 11 bankruptcy protection on Sunday, saying intensifying competition was undermining its core broadband business.
By Reshmi Basu
Read full article →YahooMostly Factual6d ago
Hughes Satellite Systems files Chapter 11 bankruptcy amid Starlink competition
Read full article →hollywood-reporterMostly Factual6d ago
Charlie Ergen’s EchoStar Loses 241,000 Pay TV Subs, Hughes Unit Files for Chapter 11 Bankruptcy
The Dish owner swung to a profit of $8.46 billion in the recent quarter due mainly to a big, non-cash gain.
By Etan Vlessing
Read full article →Coverage Timeline
First report: bloomberg · 3 Aug, 04:22|Full coverage: 5 · 9h|Window: 9h
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