Ericsson strikes $8.3 billion 5G deal with Verizon

FILE PHOTO: The Ericsson logo is seen at the Ericsson's headquarters in Stockholm
FILE PHOTO: Ericsson logo is seen at its headquarters in Stockholm, Sweden June 14, 2018. REUTERS/Olof Swahnberg

July 16, 2021

(Reuters) – Swedish telecoms gear maker Ericsson said on Friday it struck an $8.3 billion deal with Verizon Communications Inc to accelerate the deployment of 5G network in the United States.

(Reporting by Shubham Kalia; Editing by Subhranshu Sahu)