EchoStar considers potential bankruptcy filing, WSJ reports

EchoStar (SATS) is considering a Chapter 11 bankruptcy filing as the firm vies to shield its stockpile of wireless spectrum licenses from the threat of revocation by federal regulators, Alexander Gladstone and Drew FitzGerald of The Wall Street Journal reports, citing people familiar with the matter. “We will not comment on rumors or speculation,” said an EchoStar spokesperson in response to a query about a possible bankruptcy filing, according to the journal. “EchoStar remains focused on delivering ubiquitous connectivity to our customers across the globe and bringing consumers a competitive alternative to incumbent wireless providers.”