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Bloomberg: Dish Cash Hoard Signals Wireless Possibility: Corporate Finance

781 Views 1 Reply 2 Participants Last post by  RasputinAXP, 
Mojo Jojo
From Bloomberg:
http://mobile.bloomberg.com/news/20...s-wireless-possibility-corporate-finance.html

Dish Cash Hoard Signals Wireless Possibility: Corporate Finance
By Brooke Sutherland
July 24, 2012 11:34 AM EDT

Dish Network Corp. (DISH) has amassed a record amount of cash through bond sales as the second-largest U.S. satellite-television provider seeks to expand into the wireless business to offset a decline in its core customer base.

Dish brought its cash on hand to $5.6 billion on June 30 from about $2.7 billion in the first quarter, KDP Investment Advisors Inc. calculated. It issued $2.9 billion of five- and 10-year notes in separate sales in May and July, including $1 billion last week, according to data compiled by Bloomberg.
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RasputinAXP
Would really recommend that you cut this down to a paragraph or two and add a source link. Be kind to your mods.

On topic this isn't a shock...Charlie has said this publicly several times.
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