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Nokia loses out as Samsung inks 5G deal with Verizon

September 8, 2020

Via: TechSpot

Samsung this week won a 5G deal with Verizon that is valued at 7.9 trillion won ($6.7 billion) and will see the Korean tech giant become one of the largest telecom equipment suppliers in the world.

The move comes after ample rumors and speculation that the largest US carrier had been planning to replace Nokia with a different suppler for radio access network (RAN) equipment. The details are scarce, but the regulatory filing reveals that the contract is valid through December 2025, which works out to just over $1.2 billion per year.

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