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Tuesday, April 2, 2013

DISH Network announces debt offering, (NASDAQ: DISH), (NYSE: S)

DISH Network Corp said it plans to offer around $1 billion in debt, potentially using the money for wireless and spectrum-related transactions.It will offer about $1.0 billion of its senior notes, subject to market and other conditions, the company said in a statement on Tuesday.DISH has been looking to diversify beyond its core pay-TV business, which has matured and faces tough competition from cable, telecom and Internet video providers.In January, DISH put in a bid of $3.30 per share for Clearwire, which had already agreed to sell itself to majority owner Sprint Nextel for $2.97 per share.

DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH traded higher by 0.47% or $0.18/share to $38.22. In the past year, the shares have traded as low as $26.12 and as high as $38.20. On average, 2569340 shares of DISH exchange hands on a given day and today's volume is recorded at 684189.

Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S fell by 0.4% or $-0.025/share to $6.22. In the past year, the shares have traded as low as $2.30 and as high as $6.25. On average, 38074900 shares of S exchange hands on a given day and today's volume is recorded at 5796305.



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