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Citi: Dish, Amazon wireless deal could serve IoT ambitions

Published 05/23/2017, 05:43 PM
Updated 05/23/2017, 05:43 PM
© Reuters. Citi: Dish, Amazon wireless deal could serve IoT ambitions
  • Talks reported last week between Amazon.com (AMZN +0.1%) and Dish Network (DISH +0.1%) over teaming somehow on wireless service are "unusual" but could pay off in the burgeoning Internet of Things market, according to Citigroup (NYSE:C).
  • The retail giant could be an "anchor customer" for Dish's ambitions since Amazon Web Services could use a wireless network for IoT purposes, says analyst Michael Rollins.
  • The cloud computing arm's platform could be paired with analytics, and "Together, (Dish and Amazon) could bundle cloud (Anything as a Service) with connectivity (Spectrum as a Service) to lower cost and accelerate the development of IoT services," Rollins says.
  • But Dish stock could take a hit if the deal adds confusion around a possible spectrum-fueled buyout of Dish by Verizon, he writes.
  • Previously: Dish +2.8%; said to be in wireless network talks with Amazon (May. 17 2017)
  • Now read: Amazon's Phenomenal Rise In Market Value: The Most Remarkable Case Of Wealth Creation, Business Success In History?


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