E-Band Communications News

The net proceeds of the offering will be placed into escrow. The net proceeds from the sale of the notes in this offering will be released from escrow to make a cash distribution to DISH Network to finance a portion of the cash consideration for DISH Network's proposed merger with Sprint Nextel Corporation .

Sprint Nextel today announced that it had received formal notification under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 that Charles Ergen, Chairman of DISH Network Corporation , has filed to acquire in excess of 50 percent of Sprint's Series 1 Common Stock, through DISH Network or a wholly owned subsidiary of the company.

DishLATINO is the Spanish and English language programming service offered by DISH Network to Hispanics in the U.S. It was created in 1999 and is one of the largest Hispanic advertisers in the country, according to a recent Nielsen ranking.

's stock had its "buy" rating reiterated by equities research analysts at TheStreet in a research note issued to investors on Tuesday, Stock Ratings Network.com reports.

DISH Network issued the following statement on news that Sprint Nextel's Board of Directors has formed a Special Committee and has retained financial and legal advisors to evaluate DISH's proposal to merge the two companies: We are pleased that the Sprint Board of Directors has formed a special committee to review our proposal.