Dish Network's (NASDAQ: DISH) shares have tumbled following two separate reports of bad news for the satellite TV company.
First, Bloomberg reported that Dish's talks with Deutsche Telekom have hit a snag over how to structure an acquisition deal for T-Mobile US. The report casts doubt on whether Dish can ink an agreement with T-Mobile, thus cashing in on the spectrum Dish has accumulated during the past few years.
Separately, reports are also circulating that the FCC is planing to reject $3.3 billion worth of discounts Dish was trying to obtain in the FCC's now-completed AWS-3 spectrum auction. The discounts were part of spectrum bidding credits sought by two companies affiliated with Dish.
Likely as a result of the news, Dish's shares were down more than 3 percent in late-afternoon trading yesterday and another 1.5 percent as of midday trading on the Nasdaq today.
FierceWireless has a complete report on the situation here.