Samsung has inked a $6.65 billion contract with Verizon to supply the carrier with 5G infrastructure
siliconangle | September 07, 2020
In a big win for its networking business, Samsung Electronics Co. Ltd. has inked a $6.65 billion contract with Verizon Communications Inc. to supply the carrier with 5G infrastructure and related technology. Bloomberg reported on the deal Sunday evening, citing a regulatory filing submitted in South Korea. The deal is one of the largest network infrastructure contracts for Samsung to date and shows that its investments in 5G are starting to bear fruit. The company, though historically not a major player in the carrier equipment market, has been heavily investing in 5G technology over the last decade.