Samsung wins $6.6B network equipment deal from Verizon

Samsung Electronics, on Monday, said it’ll supply network equipment to US telecom giant Verizon for $6.6B, marking the largest network equipment supply deal in the history of S Korean giant. Samsung said it will supply network solutions, including 5G, for the next five years until December 2025. With the US mulling ban on Huawei, which topped as world’s 5G equipment supplier, Samsung gets a huge market opportunity to flaunt its 5G equipment capabilities.

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