DISH DBS, DISH Wireless File Chapter 11

Dish Network and its subsidiaries, including Dish Network — Boost Mobile L.L.C., have filed for Chapter 11 bankruptcy in the United States — United States District Court for the Northern District of California. This prepackaged restructuring plan, supported by over 88% of creditors, aims to facilitate the early repayment of Dish Network's debt and complete the transition of the Dish Network — Boost Mobile L.L.C. business. The filing was necessitated by unforeseen delays in the closing of a spectrum sale transaction with AT&T, which impacted Dish Network's liquidity to repay its $2.0 billion senior secured notes due July 1, 2026. The Nigeria — Nigerian Communications Commission (FCC) also required EchoStar to establish a $2.4 billion fund to address claims related to the decommissioning of the Dish Network — Boost Mobile L.L.C. 5G network. Despite the bankruptcy, EchoStar's brands like Dish Network and Dish Network — Sling TV, and other affiliates like EchoStar — Hughes Satellite Systems Corporation, T-Mobile US, and T-Mobile US, are expected to continue operations without impact.