Dish stutters amid reports that it might lose $3.3B in auction discounts, T-Mobile merger has stalled

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.

Suggested Articles

Comcast, Charter and ViacomCBS today announced that they will all take equal ownership of Blockgraph.

Cord cutting will get worse for cable companies. But the financial impact for those same companies will be limited.

Comcast reached a distribution agreement with HBO Max and will offer the service for no extra charge to its existing HBO subscribers.