EchoStar (SATS) avoids bankruptcy by paying $500 million in interest payments

From Yahoo Finance: 2025-06-28 10:24:00

EchoStar Corporation (NASDAQ:SATS) saw a 13.16% jump in stock price after announcing it will pay $500 million in interest payments, avoiding bankruptcy. This came after receiving support from President Trump in its battle with the FCC.

The FCC notified EchoStar Corporation (NASDAQ:SATS) that it was reviewing compliance with federal obligations for 5G service in the US, raising concerns about buildout extension and satellite service utilization in the 2GHz band.

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Read more: EchoStar (SATS) Soars 13 Percent as Bankruptcy Fears Subside