Dish Network, controlled by billionaire chairman Charlie Ergen, has priced a debt offering of $2.3 billion, more than double the amount of debt than it said it would offer a day ago. The company, which made a $2.3 billion bid to purchase a minority stake in wireless service provider Clearwire Corp in January, said the proceeds of the debt offering could be used for "wireless and spectrum-related strategic transactions."The offering is expected to close April 5, Dish said in a statement. A spokesman for Dish was not immediately available for further comment on Wednesday.On Tuesday, Dish had said it planned to raise $1 billion in senior notes. The larger offering announced on Wednesday signals that demand was strong for Dish's debt.Dish has been competing with Sprint for a minority stake in Clearwire. Sprint, already the majority owner of Clearwire, struck a deal in December to buy out the rest of the wireless company. But many Clearwire shareholders said they were unhappy with the Sprint offer, which would need approval from the majority of Clearwire's minority investors.
DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH remained unchanged at $38.07. In the past year, the shares have traded as low as $26.12 and as high as $38.44. On average, 2576260 shares of DISH exchange hands on a given day and today's volume is recorded at 0.
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