April 2 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.
Clearwire has said that it would continue talks with Dish
but that it has not changed its recommendation in favor of its
agreement with No. 3 U.S. mobile provider Sprint.
Clearwire, Chairman Charlie Ergen has told investors he has
"plenty of time" to work out a wireless strategy, the company
also noted that it hopes to run wireless technology tests by the
end of this year.
Ergen has acquired about $3 billion worth of wireless
spectrum over the last few years.