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Dish Network announces $1 billion debt offering

ENGLEWOOD, Colo. (AP) -- Dish Network Corp. said Tuesday that it is planning a $1 billion debt offering, the proceeds of which may be used for wireless strategic transactions.

The Englewood, Colo., satellite television company has been trying to get into the wireless market.

In January, Dish made a $5.15 billion bid for wireless network operator Clearwire. At that point, Clearwire had already agreed to an offer from Sprint Nextel Corp. to pay $2.2 billion for the 49 percent of Clearwire that Sprint doesn't already own