EchoStar Skips $326 Million Debt Payment, Cites FCC Investigation Into 5G Network

EchoStar skips $326 million debt payment, cites FCC investigation into 5G network

The parent co. of Boost Mobile says a SpaceX-supported investigation prompted it to risk defaulting on debt secured by its wireless spectrum.

EchoStar misses $326M payment amid FCC probe

EchoStar stated in a regulatory filing it elected to skip a $326 million cash interest payment due to uncertainty over the Federal Communication Commission’s (FCC) inquiries into its Boost Mobile network build out and unused spectrum. In a filing today (30 May) with the US Securities and Exchange Commission, Charlie Ergen-controlled EchoStar stated it won’t make the cash interest payment on its 10.75 per cent senior spectrum notes due 2029. Echo…

EchoStar Finds Allies and Faces New Questions in Twin FCC Probes

As the subject of two FCC probes, EchoStar has received backing from various industry groups and others, but it also faces new questions about how well it's complying with the terms of its 5G network buildout. That's according to docket...

Bank: "FCC fires shot across the bows at EchoStar"

Earlier in May the FCC launched a review into EchoStar’s compliance with certain 5G wireless coverage obligations (as part of their efforts to build the fourth national wireless network in the US) and raising questions about the buildout extensions granted in September 2024 and EchoStar’s utilisation of 2GHz mobile-satellite service (MSS) spectrum. EchoStar has filed […]