DISH NETWORK CORPORATION

(DISH)
  Report
Delayed Nasdaq  -  04:00 2022-08-05 pm EDT
19.20 USD   +0.21%
08/05S&P 500 Posts 0.4% Weekly Gain as More Q2 Earnings, July Jobs Data Top Views But Add to Worries Over Rate Increases
MT
08/04UBS Adjusts DISH Network Price Target to $30 From $44, Maintains Buy Rating
MT
08/04Segra Completes the Initial Broadband Build for DISH 5G Network
BU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Dish rolls out 5G service in Las Vegas after months-long delay

05/04/2022 | 12:56pm EDT
FILE PHOTO: A Dish Network satellite dish is shown on a residential home in Encinitas, California

(Reuters) - Dish Network Corp launched its 5G service to consumers in Las Vegas on Wednesday after several months of delays as the telecom firm tries to build out a nationwide network and reduce its reliance on T-Mobile.

The service - dubbed "Project Genesis" - was initially supposed to launch in the city in September and help cut dependence on the T-Mobile network that powers Dish's Boost prepaid wireless service.

Dish acquired Boost as part of the T-Mobile and Sprint merger, which won antitrust approval in 2020 after the companies agreed to divest some assets including some wireless spectrum to create a new wireless competitor.

T-Mobile has since then allowed Dish to use its network but the relationship between the companies soured after T-Mobile announced plans to shut down its older CDMA wireless network - a service still used by a significant number of Boost customers.

That has prompted Dish to create its own cellular network, which it plans to make available in 120 markets by June.

Customers signing up for the service will have to pay $30 per month and Dish is selling its first smartphone - the Motorola Edge+ - loaded with the service for about $900, the company said in a statement.

(Reporting by Eva Mathews in Bengaluru; Editing by Aditya Soni)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
DISH NETWORK CORPORATION 0.21% 19.2 Delayed Quote.-40.81%
MOTOROLA SOLUTIONS, INC. 4.39% 250.21 Delayed Quote.-7.91%
T-MOBILE US 0.54% 144.56 Delayed Quote.24.64%
All news about DISH NETWORK CORPORATION
08/05S&P 500 Posts 0.4% Weekly Gain as More Q2 Earnings, July Jobs Data Top Views But Add to..
MT
08/04UBS Adjusts DISH Network Price Target to $30 From $44, Maintains Buy Rating
MT
08/04Segra Completes the Initial Broadband Build for DISH 5G Network
BU
08/04Deutsche Bank Adjusts DISH Network's Price Target to $55 From $61, Maintains Buy Rating
MT
08/04Morgan Stanley Adjusts Price Target for DISH Network to $24 From $29, Maintains Equalwe..
MT
08/04JPMorgan Adjusts Price Target on DISH Network to $24 From $30, Maintains Neutral Rating
MT
08/04RBC Cuts Price Target on DISH Network to $20 From $24, Maintains Sector Perform Rating
MT
08/04Raymond James Adjusts Price Target on DISH Network to $36 From $42, Keeps Strong Buy Ra..
MT
08/04ECHOSTAR : Q2 Earnings Snapshot
AQ
08/04Pivotal Research Cuts Price Target on DISH Network to $36 From $40 on 'Potential Delay ..
MT
More news
Analyst Recommendations on DISH NETWORK CORPORATION
More recommendations
Financials (USD)
Sales 2022 16 869 M - -
Net income 2022 1 571 M - -
Net Debt 2022 18 845 M - -
P/E ratio 2022 7,60x
Yield 2022 -
Capitalization 10 182 M 10 182 M -
EV / Sales 2022 1,72x
EV / Sales 2023 1,89x
Nbr of Employees 14 500
Free-Float 47,2%
Chart DISH NETWORK CORPORATION
Duration : Period :
DISH Network Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DISH NETWORK CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 19,20 $
Average target price 44,35 $
Spread / Average Target 131%
EPS Revisions
Managers and Directors
W. Erik Carlson President, Chief Executive Officer & Director
Paul W. Orban Chief Financial Officer & Executive Vice President
Charles William Ergen Executive Chairman
Atilla Tinic Chief Information Officer & EVP
Kannan Alagappan Chief Technology Officer & Senior Vice President
Sector and Competitors