Samsung wins $6.6 billion Verizon deal for network equipment

Contract is a big victory for Samsung's 5G

Curated via Twitter from CNET News’s twitter account….

Verizon has inked a $6 billion deal to provide network equipment to Verizon. 502"}’ section="annotation">Samsung has won a $6. 6 billion contract to provide network equipment to wireless provider Verizon, providing a big boost to Samsung 5G market ambitions.

Samsung had a 3% share of the global telecom market in 2019, well behind market leader Huawei’s 28% share, Nokia’s 16% and Ericsson’s 14%, according to market research firm Dell’Oro Group. 5G is the next generation of wireless technology rolling out across the world, promising to deliver much faster wireless service and a more responsive network.

"With this latest long-term strategic contract, we will continue to push the boundaries of 5G innovation to enhance mobile experiences for Verizon’s customers," Samsung said in a statement.

Link to original article….

Leave a Reply

Leave a comment
%d bloggers like this:
scroll to top