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April 21, 2021, 12:47 p.m. EDT

Dish stock rallies after 5G deal with Amazon's AWS

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By Emily Bary

Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN +1.47% and Dish Network Corp. /zigman2/quotes/207505872/composite DISH -1.35% struck a deal that will make Amazon's AWS Dish's preferred cloud provider. Dish plans to build its 5G network on AWS through this new agreement. A press release from Amazon announcing the partnership said that Dish will be the first to run a 5G network in the cloud, allowing Dish to "achieve agile and cost-effective operations while seeking to redefine the practical applications of 5G." Dish plans to deploy its network first in Las Vegas later this year. Dish has set out to build a wireless business after acquiring several brands that Sprint and T-Mobile US Inc. /zigman2/quotes/204659678/composite TMUS -0.93% had to divest to secure government approval for their merger, which closed last year. Shares of Dish are up 8.9% in midday trading Wednesday while shares of Amazon are up 0.4%.

/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,270.39
+47.49 +1.47%
Volume: 3.72M
May 17, 2021 4:00p
P/E Ratio
62.24
Dividend Yield
N/A
Market Cap
$1625.39 billion
Rev. per Employee
$297,430
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/zigman2/quotes/207505872/composite
US : U.S.: Nasdaq
$ 45.20
-0.62 -1.35%
Volume: 2.58M
May 17, 2021 4:00p
P/E Ratio
11.66
Dividend Yield
N/A
Market Cap
$24.16 billion
Rev. per Employee
$1.15M
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/zigman2/quotes/204659678/composite
US : U.S.: Nasdaq
$ 140.20
-1.32 -0.93%
Volume: 5.45M
May 17, 2021 4:00p
P/E Ratio
57.57
Dividend Yield
N/A
Market Cap
$176.46 billion
Rev. per Employee
$911,960
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