EchoStar Corporation Announces Interest Payments and Defaults on Certain Notes

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These decisions were made in response to regulatory uncertainty from the Federal Communications Commission (FCC) inquiries. EchoStar had previously withheld interest payments on the 2029 Spectrum Notes and DDBS on the DBS Notes to assess alternatives. Despite ongoing discussions with the FCC, the companies have now decided to cure the non-payment defaults by making the interest payments on the specified notes to extend the timeline for resolving the regulatory issues.

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About EchoStar Corporation

EchoStar Corporation is a prominent company specializing in satellite communication solutions. Its primary function is to provide satellite broadband services, video delivery, and enterprise connectivity to various markets worldwide. With a deep focus on satellite technology, EchoStar plays a critical role in the telecommunications industry by enabling secure, high-speed internet access in remote and underserved areas, thus bridging digital divides. The company also serves a significant role in supporting governmental and defense sectors by supplying reliable communications platforms. EchoStar's contributions extend to media companies, ensuring the efficient delivery of high-quality broadcast services through its expansive network of geostationary satellites. Founded in 1980 and headquartered in Englewood, Colorado, EchoStar Corporation is a vital player in enhancing global communication infrastructure through its commitment to technology advancement and innovation.