Files for bankruptcy, but not shuts down

Boost Mobile and Gen Mobile are not included in the bankruptcy process and will continue to operate as usual.

Due to the delayed sale of 5G spectrum, Dish says it does not have “sufficient liquidity” to repay $2 billion in debt due July 1. The dish has given up on becoming The fourth largest U.S. carrier last year, saying it would sell portions of its spectrum to AT&T And SpaceX. According to The Wall Street Journal.

“EchoStar has been at the forefront of telecommunications for more than 45 years, and these steps will better position the business for a stronger future,” Charlie Ergen, CEO of EchoStar, says in the press release. “We are business as usual throughout this process, providing the same high-quality services that our customers have come to expect.”