Dish Network (DISH) and IBM (IBM) have joined hands to make the greenfield cloud-native 5G network in the U.S. more agile, scalable and fully virtualized.
Dish will be using IBM Cloud Pak for Network Automation software with its 5G network architecture in order to stitch hardware and software resources together smoothly. The move is expected to help Dish make network slicing possible, thereby speeding the introduction and delivery of new services.
The deal requires IBM Global Business Services to provide multi-vendor implementation and integration of the business support systems functions. The target is to improve Dish’s customer sales and service experience for advanced, modern and highly dynamic network services. (See Dish stock charts on TipRanks)
The Chief Network Officer of Dish Wireless, Marc Rouanne, said, “Our 5G build is unique in that we are truly creating a ‘network of networks,’ where each enterprise can custom-tailor a network slice or group of slices to achieve their specific business needs.”
“With IBM, Dish is combining the speed and latency advances of 5G with the customization and intelligence of the cloud, and the result will be a paradigm shift for small businesses, large enterprises and the broader wireless industry,” added Rouanne.
Last month, Pivotal Research analyst Jeffrey Wlodarczak reiterated a Buy rating on Dish with a price target of $60 (42.9% upside potential from current level).
The stock has a Moderate Buy consensus rating based on 4 Buys and 4 Holds. The average Dish price target of $52.31 implies upside potential of 24.6% to current levels.
TipRanks’ Stock Investors tool shows that investors currently have a Very Positive stance on Dish with 8.5% of investors on TipRanks increasing their exposure to DISH stock over the past 30 days.
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