EchoStar Bond Woes Grow as Dish Network Interest Payment Skipped

EchoStar Corp., the wireless and pay-TV operator controlled by billionaire Charlie Ergen, has decided to skip interest payments on three bonds after a similar act late last week.

A total of $183 million interest payments due Monday on several bonds related to its pay-TV operator unit Dish Network Corp. will not be paid, according to a regulatory filing. The company cited “uncertainty” raised by the Federal Communications Commission review. The company has been tied up in a regulatory probe over its compliance with obligations to build a nationwide 5G network.