Dish Raises $1 Billion For Entrance into Wireless

Dish Network may be preparing to enter the wireless market as it announced on Friday that it would be selling convertible notes to raise $ 1 billion on top of the $ 5 billion it has on its balance sheets. According to a press release, the net proceeds are to be used for strategic transactions that may include those that are wireless and spectrum-related and for other general corporate uses. The unsecured notes will be sold to accredited investors and will be settled in cash, shares of Dish or a…
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