The agreement for Samsung to provide network equipment moves it closer to being a major 5G supplier
SEOUL— Samsung Electronics Co. has signed a $6.65 billion contract with Verizon Communications Inc. for network equipment and services, a major boost to the South Korean firm’s quest to become a key 5G supplier.
Samsung’s agreement with Verizon runs through the end of 2025 and primarily covers 5G infrastructure, though it broadly includes network-equipment sales, installation and maintenance, according to a Monday corporate filing in South Korea. Samsung declined to specify how much of the deal is directly related to 5G.The Verizon deal could help bolster Samsung’s credibility with carriers in an important year for 5G rollouts, especially in the U.S., analysts said.
Global adoption of the next-generation phones has been delayed by the coronavirus pandemic. Handset makers are already
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