EchoStar Again Makes Delayed Interest Payments, Citing FCC Talks
EchoStar is again making previously delayed interest payments to holders of company notes as it said it continues to try to address issues with the FCC. In an SEC filing Wednesday, EchoStar said it was paying the interest originally due July 1 on 2026 and 2028 notes. Beyond its talks with the FCC, the company said it's engaged in "wide-ranging efforts to explore alternative or complementary pathways that could, if successfully implemented, resolve the FCC’s stated concerns in a manner acceptable to the Company."
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
The commission has open proceedings on EchoStar's use of the 2 GHz band and on whether the company is meeting its commitments in its 5G network buildout (see 2505130003). The company also delayed making interest payments in late May and early June, citing uncertainty around its spectrum licenses due to FCC issues (see 2506270006).