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What happened
Actions of Qualcomm (NASDAQ: QCOM) Shares were trading higher on Wednesday, up about 5% as of 2:30 p.m. EDT. Semiconductor firm’s gain follows announcement of partnership DISH Network (NASDAQ: DISH) to help the satellite TV company build a 5G network. DISH stock also rose about 4.5%.
The new network “will test open and virtualized 5G RAN solutions containing the new Qualcomm 5G RAN platforms to help accelerate DISH’s deployment of the country’s first cloud-native Open RAN-compatible 5G network,” DISH said in a press release. Wednesday morning.
Image source: Getty Images.
So what
DISH became a nationwide mobile operator earlier this year when it acquired Boost Mobile. Its launch of the country’s first 5G high-speed network based on the native Open RAN cloud would mark a notable innovation in the field.
“We are excited to be working with DISH to accelerate their strategy to bring flexible, scalable and interoperable 5G deployments to a more competitive North American market,” said Durga Malladi, Qualcomm’s 5G manager, in the press release.
Now what
DISH aims to build its 5G network by 2023. Qualcomm says it has a “large 5G portfolio” that can be used to support this goal.
Qualcomm’s products have been fundamental to 3G and 4G – and its technologies are already enabling the mobile ecosystem of every 5G smartphone. Technological power seems well positioned to be at the center of this market opportunity.
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