AT&T (T) will terminate its five-year-old deal to resell satellite TV from Dish Network (DISH) at the end of the year, Dish revealed this afternoon in a SEC filing. Shares are down 3% after-hours to $28.25.
So what's next? Well, they could always sign a new deal with rates that are more favorable to AT&T. Or AT&T could sign up with DirecTV (DTV), which is bigger than Dish.
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Or AT&T could wait for Dish's stock to drop further and then scoop it up -- an oft-rumored deal that hasn't yet happened.
Earlier: AT&T Wants Its Money Back From Dish: Deal Dead?
