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Ericsson strikes US$8.3 billion 5G deal with Verizon

Swedish telecoms gear maker Ericsson said on Friday it struck an US$8.3 billion deal with Verizon Communications Inc to accelerate the deployment of 5G network in the United States.

FILE PHOTO: The Ericsson logo is seen at the Ericsson's headquarters in Stockholm
FILE PHOTO: Ericsson logo is seen at its headquarters in Stockholm, Sweden June 14, 2018. REUTERS/Olof Swahnberg

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REUTERS: Swedish telecoms gear maker Ericsson said on Friday it struck an US$8.3 billion deal with Verizon Communications Inc to accelerate the deployment of 5G network in the United States.

(Reporting by Shubham Kalia; Editing by Subhranshu Sahu)

Source: Reuters