TAMPA, Fla. — EchoStar has ordered another geostationary satellite for its Dish Network TV broadcast business, even as the company signals the possibility of seeking bankruptcy protection amid a regulatory probe into its spectrum licenses.

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Jason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,...