HomeDAS & In Building Wireless5GEricsson, Verizon strike $8.3B 5G deal

Ericsson, Verizon strike $8.3B 5G deal

Ericsson recently announced it signed an $8.3 billion, multi-year agreement with Verizon to provide its 5G solutions to accelerate the deployment of Verizon’s next generation 5G network in the United States.

“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,” Niklas Heuveldop, President and Head of Ericsson North America, said in a statement. “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. “We are pleased to continue this work through our long-standing relationship with Ericsson.”

Under the agreement, Verizon will deploy Ericsson’s 5G Massive MIMO C-band, low-band and millimeter wave (mmWave) solutions to enhance and expand Verizon’s 5G Ultra Wideband coverage, network performance and user experience. Ericsson’s technology solutions, including Massive MIMO, Ericsson Spectrum Sharing and Ericsson Cloud RAN, are all a part of the Ericsson Radio System portfolio to support 5G services. Ericsson’s software functionality provides end-users with the speed and performance they expect from 5G networks.

In 2020, Verizon was the first communications service provider to receive a commercial 5G mmWave Street Macro base station from Ericsson’s U.S. smart factor in Lewisville, TX. Ericsson is committed to building and accelerating the nationwide build-out of 5G across the country.

Joe Dyton can be reached at joed@fifthgenmedia.com.

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