Crown Castle terminates wireless infrastructure agreement with DISH due to payment defaults.
DISH's parent company, EchoStar, sold public spectrum licenses to AT&T and SpaceX leading to DISH discontinuing its network business.
Crown Castle exercises its right to recover over $3.5 billion in remaining payments from DISH.
Payment Default
DISH Wireless failed to make required payments to Crown Castle, resulting in contract termination.
Impact on Crown Castle
Crown Castle does not expect the default by DISH to impact its full-year 2025 results.
Enforcement Actions
Crown Castle is committed to enforcing its rights under the agreement with DISH despite the payment default.
- Crown Castle terminated the agreement to protect its shareholders and ensure recovery of outstanding payments.
- The dispute highlights the importance of honoring contractual obligations in the telecommunications industry.
Crown Castle remains steadfast in enforcing its rights under the agreement with DISH and emphasizes the importance of honoring commitments in business relationships.