EchoStar Misses Second Interest Payment Amid FCC Review

EchoStar is skipping another interest payment as it awaits the conclusion of a review by the Federal Communications Commission.The Englewood (CO) owner of Dish TV and Boost Mobile said it wouldn’t make a $183 million cash interest payment related to its Dish DBS company. The missed payment comes after the company said it elected not to make a $326 million interest payment related to its spectrum business. EchoStar said it isn’t making these payments because of uncertainty surrounding an FCC review. On May 9, the FCC notified the company it was reviewing its compliance with certain federal obligations to provide 5G service in the U.S. The uncertainty has caused EchoStar to freeze its decision-making for its Boost business, including at its network build-out, it said.