Dish files for bankruptcy, but not shutting down


Boost Mobile and Gen Mobile aren’t included in the bankruptcy process and will continue to operate as normal.

Due to the delayed 5G spectrum sale, Dish says that it didn’t have “sufficient liquidity” to repay $2 billion in debt due on July 1st. Dish gave up on becoming the US’s fourth major carrier last year, saying it would sell off chunks of its spectrum to AT&T and SpaceX. Neither deal has closed, according to The Wall Street Journal.

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



Source link

  • Related Posts

    Google kills Tenor GIF API, forcing changes at X, Discord, and more

    Google is so famous for killing products that there’s a whole virtual graveyard you can explore. Google’s latest shutdown now has a headstone of its own. Effective today, Google has…

    The “Father of the Internet” is finally retiring

    Vinton Cerf will step down from his role as Google’s chief internet evangelist next week, marking the conclusion of one of the most influential careers in technology history. While speaking…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Toddler found dead in SUV outside Florida preschool

    Toddler found dead in SUV outside Florida preschool

    Trump praises Supreme Court ruling upholding bans on transgender athletes in female sports

    Trump praises Supreme Court ruling upholding bans on transgender athletes in female sports

    Google kills Tenor GIF API, forcing changes at X, Discord, and more

    Google kills Tenor GIF API, forcing changes at X, Discord, and more

    Kelly Oubre Jr. is reportedly planning on meeting with Lakers

    Kelly Oubre Jr. is reportedly planning on meeting with Lakers

    Archaeologists Find Maya Monuments Off the Beaten Path. Way Off.

    Archaeologists Find Maya Monuments Off the Beaten Path. Way Off.

    Hundreds of undocumented Alberta students at risk of losing free access to school

    Hundreds of undocumented Alberta students at risk of losing free access to school