Ericsson and verizon ink landmark multi-year $8.3 billion 5g deal

Kista, sweden, july 16, 2021 /prnewswire/ -- ericsson (nasdaq: eric) today announces a landmark multi-year agreement with verizon to provide its industry-leading 5g solutions to accelerate the deployment of verizon's world-class next-generation 5g network in the u.s. niklas heuveldop, president and head of ericsson north america, says: "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." "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.
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