FCC Says Dish Can’t Use $2.4 Billion 5G Trust to Pay Bondholders

The Federal Communications Commission is narrowing an aspect of Dish Network’s proposed restructuring deal that the regulator said would have improperly repaid corporate bondholders from a $2.4 billion fund earmarked for contractors in the buildout of its 5G network.

By Jonathan Randles, Kelcee Griffis and Reshmi Basu