Samsung wins USD 6.6 bln order from Verizon for 5G telecom gear

Nieuws Mobiel Verenigde Staten 7 SEP 2020
Samsung wins USD 6.6 bln order from Verizon for 5G telecom gear

Samsung Electronics announced it has secured a KRW 7.9 trillion (USD 6.6 billion) order to supply 5G telecommunications equipment to Verizon, the Nikkei reported. The deal paves the way for the South Korean company to expand its presence in the US as its Chinese rival, Huawei Technologies, remains locked out of the world's largest telecom market. 

Samsung's local unit Samsung Electronics America on 5 September signed the deal with Verizon Sourcing, a subsidiary of Verizon Communications, to offer network products for the wireless carrier through 2025. This includes providing, establishing and maintaining the company's 5G mobile telecom equipment. 

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Mobiel

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Samsung,  Verizon Communications,  Huawei

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Verenigde Staten

Tags:

Network equipment, Wholesale, 5G, Contract & orders

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