EchoStar, a satellite and wireless company co-founded by Charlie Ergen, is considering filing for Chapter 11 bankruptcy.
This move is a response to the Federal Communications Commission's (FCC) review of some of EchoStar's wireless and satellite spectrum rights.
FCC Chairman Brendan Carr recently informed EchoStar that these rights are under review, putting increased pressure on the company.
The potential bankruptcy filing aims to protect EchoStar's valuable wireless spectrum licenses from potential revocation by the FCC.
The article is from the Wall Street Journal (WSJ) and was published on June 6, 2025.
June 6, 2025 6:21 pm ET|WSJ Pro
EchoStar is considering a chapter 11 bankruptcy filing as the company vies to shield its cache of wireless spectrum licenses from the threat of revocation by federal regulators, people familiar with the matter said. Pressure on the satellite-and-wireless company co-founded by telecom mogul Charlie Ergen mounted last month after Federal Communications Commission Chairman Brendan Carr told the company that certain of its wireless and satellite spectrum rights were under review.Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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