BUSINESSQUARTZ
EchoStar's Hughes filed for bankruptcy as its satellite internet subscribers fled to Starlink
Hughes, a subsidiary of EchoStar, filed for bankruptcy due to significant broadband subscriber losses to competitors like Starlink. The company plans to shift focus to enterprise, government, and defense customers.
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Adjacent reporting
- Satellite TV group Dish files for bankruptcy to cut $9bn debt load
- EchoStar is preparing to file its satellite TV unit, Dish DBS, for bankruptcy
- Dish DBS files for Chapter 11 bankruptcy protection
- Dish files for bankruptcy, but not shutting down
- FCC angers small carriers by helping AT&T and Starlink buy EchoStar spectrum