Dish DBS, a satellite pay-TV provider and unit of EchoStar, is preparing to file for Chapter 11 bankruptcy as soon as Tuesday.
The company faces increasing regulatory scrutiny over its network build-out requirements.
Dish DBS has struggled with mounting debt and a declining subscriber base amid competition from streaming services.
The bankruptcy filing would allow the company to restructure its obligations under court supervision.
EchoStar acquired Dish DBS as part of a merger deal that combined the satellite television business with wireless spectrum assets.
Regulators have imposed strict conditions on EchoStar’s network deployment, adding pressure on the company’s finances.
A Chapter 11 filing would pause creditor actions and give Dish DBS time to renegotiate contracts and debts.
The move marks a significant shift for one of the oldest players in the pay-TV industry.
