EchoStar Falls for Second Day Over FCC Probe of Bandwidth Use

Shares of EchoStar Corp., the wireless and pay-TV operator controlled by billionaire Charlie Ergen, fell for a second straight day after the company acknowledged that US regulators are reviewing its compliance with obligations to build a nationwide 5G network.

The Englewood, Colorado-based company declined almost 13% in New York Tuesday. The stock lost nearly 17% on Monday after the Wall Street Journal reported on the probe by the Federal Communications Commission.

Ergen said in a regulatory filing that EchoStar has “met or exceeded all of the commitments we have entered into with the FCC to date. And ...