Dish Network has priced a debt offer totalling US$2.3 billion. The Charles Ergen controlled company, through the move would double the amount of the debt it announced just the previous day.
The company made a bid to purchase a minority stake in Clearwire Corp last January announced the proceeds would be utilized for 'wireless and spectrum related strategic transactons.'
The offer would be closed by April 5 according to Dish. When sought for updated comments on the developments, the Dish spokesperson was not immediately available.
Previously, Dish had announced it would offer senior notes to raise US$1 billion. The increase in the offered debt is a clear indication of the strong demand for the company's debt notes.
Ergen's Dish Network has acquired billions of dollars of spectrum in the last few years as it aims to compete with cable television, telecommunications and internet video providers with its satellite entertainment services.
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