Dish, the satellite pay-TV subsidiary of EchoStar, along with its wireless subsidiaries, filed for Chapter 11 bankruptcy protection. 

The filing includes a prepackaged restructuring plan aimed at addressing immediate debt maturities and managing the wind-down of Dish Wireless’s 5G network operations.

The move follows an unexpected delay in a $23 billion spectrum license sale to AT&T, a deal originally announced in August 2025.

Dish indicated that it was unable to meet the repayment of $2 billion in 7.75% senior secured notes that were due on July 1.

Strengthening the Future of Telecommunications

Despite the filing, EchoStar Chairman and Co-Founder Charlie Ergen emphasized that the company remains committed to its long-term vision.

“EchoStar has been at the forefront of telecommunications for over 45 years, and these steps will position the business for an even stronger future,” Ergen said. “We are operating as usual throughout this process, delivering the same high-quality services that our customers expect.”

Fast-Track Restructuring Plan

The restructuring plan has received significant support from creditors, with holders of more than 88% of Dish’s credit—including those holding over $8.8 billion in Dish Wireless debt—agreeing to the terms. This broad consensus is expected to fast-track the legal proceedings, with the company targeting an exit from bankruptcy by the third quarter of this year.

Under the proposed plan, the July 1 notes will be paid in full in cash shortly after the AT&T transaction closes or upon the plan’s effective date.