EchoStar closes $23B spectrum sale to AT&T, uses proceeds to pay debt

The company spent over $40 billion trying to build a 5G network before selling the spectrum needed for that effort.

Dish Network files for bankruptcy after 45 years

DISH DBS and its wireless subsidiaries filed for Chapter 11 bankruptcy recently (June 30) under a pre-packaged restructuring plan already backed by most creditors and parent company EchoStar. The ...
The Desk on MSN

Dish Network parent files Chapter 11 bankruptcy, Dish Wireless to formally shut down

As part of the Chapter 11 process, Dish will formally shut down its Dish Wireless business unit; subsidiaries like Dish Network and Sling TV will operate as normal.— This story first appears at ...
Variety

AT&T to Buy Spectrum Licenses From EchoStar for $23 Billion in Cash; Dish, Sling Not Affected

Charlie Ergen’s EchoStar inked a deal with AT&T to sell a total of 50 MHz of nationwide spectrum for about $23 billion, subject to regulatory approval. AT&T and EchoStar, the parent of Dish TV and ...
TheStreet.com

AT&T leaves rivals flat-footed as bankrupt carrier folds

AT&T’s stalled EchoStar spectrum deal helped push Dish DBS into bankruptcy, and once it closes, AT&T becomes a big winner.