#spectrum

EchoStar's $183 Million Payment Delay Raises the Clock on Its AT&T Spectrum Sale

EchoStar delayed a $183 million interest payment while waiting for proceeds from its pending $23 billion spectrum sale to AT&T. The company said the missed payment is a default but noted a 30-day grace period and expected net closing proceeds of roughly $20.25 billion. The FCC has approved spectrum sales to AT&T and SpaceX but required a $2.4 billion escrow tied to potential Dish Wireless infrastructure claims.