New York, June 27, 2013 -- Moody's Investors Service confirmed DISH Network Corporation's ("DISH") wholly owned subsidiary, DISH DBS Corporation's ("DISH DBS") Ba3 Corporate Family Rating (CFR), and Ba2-PD Probability of Default Rating (PDR), following DISH's announcement that its wholly-owned subsidiary, DISH Acquisition Holding Corporation, is withdrawing its tender offer to acquire all of the outstanding shares of Class A Common Stock of Clearwire Corporation (Clearwire -- Caa2 CFR) for $4.40 per share. This announcement follows the announcement on June 21, 2013, when DISH decided to abandon its efforts to acquire Sprint Nextel Corporation ("Sprint" - B1 CFR). This concludes the review for downgrade initiated on April 15, 2013, when DISH announced its bid to buy Sprint for $25.5 billion. DISH DBS's rating outlook is negative.
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