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.”
[Notigroup Newsroom in collaboration with other media outlets, with information from the following sources]
