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MarketScreener Homepage  >  Equities  >  Nasdaq  >  DISH Network Corporation    DISH

DISH NETWORK CORPORATION

(DISH)
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DISH Network : and Qualcomm to Collaborate on the Development of the Nation's First O-RAN Compliant 5G Network

11/11/2020 | 01:10pm EST

SAN DIEGO -- DISH Network Corporation and Qualcomm Technologies, Inc. today announced their collaboration to test open and virtualized RAN 5G solutions containing the new Qualcomm® 5G RAN Platforms to help fast track DISH's rollout of the nation's first cloud-native, Open RAN-compliant 5G network.

DISH will utilize the Qualcomm 5G RAN Platforms through DISH's network vendors and device partners. The platforms are designed to allow emerging network vendors to accelerate deployment and commercialization of vRAN and interoperable networks that can deliver on the wide array of use cases and opportunities envisioned for 5G.

"By further expanding its portfolio of 5G infrastructure solutions to include O-RAN specifications that are compliant with DISH's open architecture and implementation, Qualcomm Technologies will enable greater flexibility in the deployment of our 5G vRAN equipment. With this move, Qualcomm Technologies will also enrich a diverse ecosystem of RAN applications by delivering data insights natively through the future chipset family. These insights are the foundation of our data-centric and fully-automated network architecture. We are pleased to see Qualcomm Technologies embracing O-RAN and virtualization, creating even more possibilities for the future of 5G across the industry," said Marc Rouanne, executive vice president and chief network officer, DISH.

"We are excited about working with DISH to accelerate their strategy to bring flexible, scalable, and interoperable 5G deployments to a more competitive North American market. With our vast 5G portfolio, from smartphone to infrastructure, we are committed to supporting DISH's network vendors and device partners to bring new capabilities to life, with standalone 5G and Vo5G across all DISH spectrum bands," said Durga Malladi, senior vice president and general manager, 4G/5G, Qualcomm Technologies, Inc.

About Qualcomm

Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. We bring the benefits of mobile to new industries, including automotive, the internet of things, and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.

About DISH

DISH Network Corporation is a connectivity company. Since 1980, it has served as a disruptive force, driving innovation and value on behalf of consumers. Through its subsidiaries, the company provides television entertainment and award-winning technology to millions of customers with its satellite DISH TV and streaming SLING TV services. In 2020, the company became a nationwide U.S. wireless carrier through the acquisition of Boost Mobile. DISH continues to innovate in wireless, building the nation's first cloud-native, Open RAN-based 5G broadband network. DISH Network Corporation (NASDAQ: DISH) is a Fortune 250 company.

Qualcomm contacts: Pete Lancia Mauricio Lopez-Hodoyan

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(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2020 15 475 M - -
Net income 2020 1 546 M - -
Net Debt 2020 12 248 M - -
P/E ratio 2020 12,4x
Yield 2020 -
Capitalization 17 195 M 17 195 M -
EV / Sales 2020 1,90x
EV / Sales 2021 1,74x
Nbr of Employees 16 000
Free-Float 46,9%
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 41,78 $
Last Close Price 32,69 $
Spread / Highest target 169%
Spread / Average Target 27,8%
Spread / Lowest Target -26,6%
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Managers and Directors
NameTitle
W. Erik Carlson President & Chief Executive Officer
Charles William Ergen Executive Chairman
John Swieringa COO & Group President-Retail Wireless
Paul W. Orban Chief Financial Officer & Executive Vice President
Atilla Tinic Chief Information Officer & Senior Vice President
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