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DISH Network Corp Class A DISH Stock Quote

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Morningstar‘s Stock Analysis DISH

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Dish Network’s Wireless Expansion Is in Full Swing, but Huge Uncertainties Remain

Business Strategy and Outlook

| Michael Hodel, CFA |

Dish Network’s massive bet on wireless spectrum overshadows its declining cash-cow satellite television business. The firm has spent about $30 billion (about $55 per share) to acquire a variety of spectrum licenses over the past decade, with most of that spending occurring at competitive FCC auctions where the firm had to beat out wireless carriers far better positioned to put spectrum to use. Dish is now building a wireless network it believes will be technologically superior to the existing carriers. While the firm’s spectrum holdings and network assets will have value, we expect the firm will struggle to carve out a niche with this strategy.

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Key Statistics DISH

Company Profile DISH

Business Description

From its founding in the 1980s Dish Network has primarily focused on the satellite television business, capitalizing on technological advancements to expand its reach. The firm now serves 8 million U.S. customers via its network of owned and leased satellites. Dish launched an internet-based television offering under the Sling brand in 2015 and now serves about 2.5 million customers on this platform. Dish’s future, however, hinges primarily on the wireless business. The firm has amassed a large portfolio of spectrum licenses over the past decade, spending about $30 billion in the process, and is now building a nationwide wireless network. It acquired Sprint's prepaid business, serving about 8.5 million customers, as the entry point into the wireless retail market.

9601 South Meridian Boulevard
Englewood, CO, 80112
T +1 303 723-1000
Industry Telecom Services
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2020
Employees 14,500

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