The two satellite companies would form the largest pay-TV company in the United States if they merged, but DIRECTV is losing patience. Time appears to be running out for a combination of DISH and DIRECTV.

A group of creditors associated with Echostar's pay television service Dish Network have rejected a bond exchange offer from the company. This article, Dish creditors reject bond exchange, raising questions about DirecTV acquisition,

DISH and DIRECTV came together to improve the initial debt swap offer to these bondholders, but they still aren’t onboard. All’s not well with the merger between DISH and DIRECTV. The two companies are working toward a deal that would see them combine into the largest pay-TV company in the United States,