Ericsson signs $8.3 billion deal to supply Verizon with 5G equipment
Kyle Malady, Chief Technology Officer for Verizon, said, “With this new agreement, we will be able to continue driving innovation and widespread adoption of 5G. We are pleased to continue this work through our long-standing relationship with Ericsson.”
Niklas Heuveldop, President and Head of Ericsson North America, commented that “”This is a significant strategic partnership for both companies and what we’re most excited about is bringing the benefits of 5G to U.S. consumers, enterprises, and the public sector. We’re looking forward to working with Verizon to leverage solutions like Cloud RAN and our Street Macro, adding depth and versatility to 5G network rollouts across the U.S.”
Verizon’s Ultra Wideband service uses high-band spectrum to deliver extremely fast 5G download data speed. The signals do not travel far and are easily blocked by structures. The service is available in only a limited number of U.S. cities.