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MarketScreener Homepage  >  Equities  >  Nasdaq  >  DISH Network Corporation    DISH

DISH NETWORK CORPORATION

(DISH)
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Dish signs up Nokia to supply 5G core software

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09/14/2020 | 08:00am EDT

STOCKHOLM/HELSINKI, Sept 14 (Reuters) - U.S. satellite TV provider Dish Network, racing to build a 5G network in the United States by 2023, has turned to Finland's Nokia to supply 5G core software.

Dish is building its network ground up and has so far chosen non-traditional telecoms vendors and a new technology called Open Radio Access Network (RAN) that uses software to run network functions on the cloud, reducing the use of physical equipment.

The agreement with Nokia marks Dish's first deal with a traditional telecoms equipment supplier.

Dish, which is sitting on an unused wireless spectrum portfolio worth $20 billion, is working with Fujitsu, Nvidia, Altiostar and Mavenir to supply various parts of the network.

Nokia has distanced itself from other telecoms equipment firms by being a vocal supporter of Open RAN and had earlier partnered with Japan's Rakuten - the first firm to use an Open RAN-based network - in deploying its 4G network.

Dish's network will have a much larger footprint than Rakuten's.

As part of the deal, Nokia will offer subscriber data management, device management and integration services, among others, the companies said in a joint statement.

A core network is where the most critical controls are located and the sensitive information is stored, while the peripheral radio network is typically larger and includes masts, antennas and other passive equipment.

After China's Huawei was banned from U.S. telecom networks, Nokia and Ericsson are dominating the race for 5G deployment in the country, with Samsung slowly catching up. (Reporting by Supantha Mukherjee in Stockholm and Anne Kauranen in Helsinki; Editing by Mark Potter)


Stocks mentioned in the article
ChangeLast1st jan.
DISH NETWORK CORPORATION -3.63% 26.25 Delayed Quote.-25.99%
ERICSSON AB -0.90% 104.4 Delayed Quote.29.05%
FUJITSU LIMITED -0.81% 13545 End-of-day quote.31.89%
NOKIA OYJ 0.06% 3.5655 Delayed Quote.8.10%
NVIDIA CORPORATION -3.30% 525.65 Delayed Quote.123.40%
RAKUTEN, INC. -3.05% 1048 End-of-day quote.12.09%
SAMSUNG ELECTRONICS CO., LTD. 0.33% 60400 End-of-day quote.8.24%
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Financials (USD)
Sales 2020 14 892 M - -
Net income 2020 1 303 M - -
Net Debt 2020 12 135 M - -
P/E ratio 2020 11,9x
Yield 2020 -
Capitalization 13 789 M 13 789 M -
EV / Sales 2020 1,74x
EV / Sales 2021 1,62x
Nbr of Employees 16 000
Free-Float 46,8%
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 45,25 $
Last Close Price 26,25 $
Spread / Highest target 235%
Spread / Average Target 72,4%
Spread / Lowest Target -8,57%
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Managers
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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