SATS deconsolidates Pay-TV in $55.5B restructuring; $20.3B AT&T spectrum sale closed

Filed August 3, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 1, 2025 · ~2 min read

Key Changes

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  DISH DBS and DISH Wireless filed prepackaged Chapter 11 on June 30, 2026, triggering deconsolidation of substantially all Pay-TV operations and recording a $9.7B non-cash gain. EchoStar itself is not a debtor but faces potential parent-level claims from creditors.

  Notes: Deconsolidation; Risk Factors: Chapter 11 view on EDGAR →
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  AT&T spectrum sale closed July 28, 2026 for $20.3B cash (net $17.9B after $2.4B FCC-mandated vendor trust). Proceeds retired $3.5B of 11.75% notes and $2.8B intercompany loan enabling DISH DBS to repay $2.0B of 7.75% notes due July 2026.

  MD&A: AT&T Transactions; Notes: Debt verify on EDGAR →
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  SpaceX spectrum transfer completed May 22, 2026; final $55.5B closing (261.8M shares × $212, up to $11B in SpaceX stock) targeted November 30, 2027. SpaceX funding interim debt service ($828M through June 2026), deferred as gain until close.

  MD&A: SpaceX Transactions verify on EDGAR →