Ericsson wins landmark $8.3 bn 5G network deal from Verizon

Ericsson announced a $8.3 billion deal with Verizon to provide its 5G solutions to accelerate the deployment of Verizon’s 5G network in the U.S.
Verizon Business and 5GVerizon 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 smartphone user experience.

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Ericsson’s technology solutions, including Massive MIMO, Ericsson Spectrum Sharing and Ericsson Cloud RAN, complement Ericsson Radio System portfolio to support 5G services. Ericsson’s software provides end-users with the speed and performance they expect from 5G networks.

In 2020, Verizon was the first service provider to receive a commercial 5G mmWave Street Macro base station from Ericsson’s smart factory in Lewisville, Texas.

“With this new agreement, we will be able to continue driving innovation and widespread adoption of 5G,” says Kyle Malady, Chief Technology Officer for Verizon.

Niklas Heuveldop, President of Ericsson North America, said: “This is a significant strategic partnership for both companies.”