Market Chatter: EchoStar Unit Hughes Network Nears Bankruptcy Filing

MT Newswires Live

07/29

EchoStar (ECHO) unit Hughes Network Systems is preparing to file for Chapter 11 bankruptcy as soon as this weekend, The Wall Street Journal reported Tuesday, citing people familiar with the matter.

The satellite internet company is facing a $1.5 billion debt maturity which is due on Aug. 1, according to the report.

Hughes Network Systems did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 84.84, Change: -1.85, Percent Change: -2.13

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 84.84, Change: -1.85, Percent Change: -2.13</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ECHO","symbol_name":"回声星通信","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2655884253","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2655884253","pubTimestamp":1785263834,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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