EchoStar's US Satellite Pay-TV Provider Dish DBS Files for Bankruptcy

EchoStar's satellite pay-TV unit Dish DBS has filed for Chapter 11 bankruptcy protection, reports Reuters. The move also applies to its wireless subsidiaries, according to the article, and "facilitates the wind-down of Dish Wireless's 5G network operations following an unexpected delay in a spectrum license sale to AT&T... under which EchoStar agreed to sell about 50 megahertz of its nationwide spectrum for $23 billion." Some context from Deadline.com: Charlie Ergen, who co-founded EchoStar