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The companies have engaged advisors, according to the report, which did not offer details on the timeline for a deal or the size.
Dish and EchoStar did not immediately respond to Reuters’ requests for comments.
Dish’s shares were 5% lower in afternoon trade while EchoStar’s stock was down 3.4% amid weaker broader market.
In 2008, EchoStar Communications, which was founded by Ergen as a satellite television equipment distributor in 1980, changed its name to Dish Network and spun off its technology arm as a new company named EchoStar Corp.
