Samsung wins US$6.6 billion 5G Verizon deal while Huawei struggles

//Samsung wins US$6.6 billion 5G Verizon deal while Huawei struggles

Samsung wins US$6.6 billion 5G Verizon deal while Huawei struggles

Samsung Electronics has won a 7.9 trillion won (US$6.6 billion) order to provide 5G wireless solutions to Verizon Communications in the United States, a big win for the South Korean giant’s networking gear business.The contract was finalised on Friday and is valid from June 30 through December 2025, Samsung said in a regulatory filing.It marks one of Samsung’s biggest 5G contracts since Korea’s largest company decided years ago to invest in networking technology development and compete with…

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By | 2020-09-07T05:37:44+00:00 September 7th, 2020|Technology|Comments Off on Samsung wins US$6.6 billion 5G Verizon deal while Huawei struggles