Shares of Dish Network closed up nearly 11% on Wednesday, reaching prices not seen since mid-2019, after the satellite TV company announced a partnership with Amazon Web Services to deploy a 5G network on the cloud provider’s infrastructure.
Dish, in addition to distributing video, is attempting to become the fourth national wireless player, behind T-Mobile, Verizon and AT&T. The deal with Amazon is an essential piece of Dish’s plan to develop a network from scratch that can more efficiently deliver more reliable 5G speeds than its legacy competition.
It’s also key for Dish to begin offering service by the middle of 2023. That’s when Dish risks losing its wireless spectrum licenses if it still hasn’t developed an operational wireless network.
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