Ericsson, Verizon reach 5G deal worth over US$8 billion

ERICSSON ANNOUNCED TODAY it has reached a multi-year, US$8.3 billion agreement with Verizon to provide 5G solutions that will strengthen and expand Verizon’s 5G network. Under the new agreement, “Verizon will deploy Ericsson’s 5G MIMO C-band, low-band and millimeter wave (mmWave) solutions to enhance and expand Verizon’s 5G Ultra Wideband coverage, network performance and user experience,” according to a press release. “This is a significant strategic partnership for both companies and what we’re most excited about is bringing the benefits of 5G to U.S. consumers, enterprises and the public sector,” said Niklas Heuveldop, president and head of Ericsson North America,...