EchoStar's Hughes files Chapter 11 to reorganize capital structure
The company will continue serving customers while focusing on enterprise, government, and defense; EchoStar and international subsidiaries are unaffected.
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Global communications and content delivery provider
echostar.comLast updated
In short: EchoStar restructured its operations after subsidiaries Hughes and DISH DBS filed for Chapter 11 bankruptcy following major asset sales.
The company will continue serving customers while focusing on enterprise, government, and defense; EchoStar and international subsidiaries are unaffected.
Revenue fell from $3.72B a year earlier; net income included a ~$9.73B non-cash deconsolidation gain; subscribers ended at 6.39M pay-TV, 7.38M wireless, 622K broadband.
The plan has creditor support and aims to repay debt early, complete DISH Wireless transition without impacting operations.
The new ticker ECHO will begin trading on June 24, 2026. No action is required from shareholders.
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