Samsung scores $6.6bn for 5G at Verizon
(2020/09/07)
- Reference: 1599465067
- News link: https://www.theregister.co.uk/2020/09/07/samsung_wins_verizon_5g/
- Source link:
Samsung Electronics has won a $6.6bn contract to supply 5G infrastructure to Verizon in the US, beating out more established and traditional telco suppliers Nokia and Ericsson.
The deal, which was finalised on Friday, is likely one of Samsung's biggest 5G contracts to date, equaling 3.43 per cent of the firm's total sales for 2019, according to a Korean-language [1]stock market filing .
The news will come as a disappointment to industry veterans Nokia and Ericsson, which have been assumed to be in excellent positions to win 5G rollouts after several nations decided to exclude Chinese kit from their next-generation wireless networks.
Samsung reveals new folding stuff for people who like flaunting wads of folding stuff [2]READ MORE
While Samsung already does plenty of business with Verizon,it is a less-established player among top-tier carriers. However in 2018 the company's head of networking, Youngky Kim, [3]said that the business was aiming to take 20 per cent of the global 5G market by 2020.
The company's range of carrier-centric kit includes massively MIMO radios, a virtualized RAN and network slicing capabilities. And of course the company knows plenty about 5G devices, seeing as makes them by the million.
The contract is dated for 30 June 2020 through 31 December 2025 and includes equipment, installation, and maintenance, according to the filing. ®
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[1] http://dart.fss.or.kr/dsaf001/main.do?rcpNo=20200907800091
[2] https://www.theregister.com/2020/09/01/samsung_reveals_new_folding_stuff/
[3] https://www.google.com/search?client=firefox-b-d&q=WSJ+D.Live+samsung
[4] https://whitepapers.theregister.com/
The deal, which was finalised on Friday, is likely one of Samsung's biggest 5G contracts to date, equaling 3.43 per cent of the firm's total sales for 2019, according to a Korean-language [1]stock market filing .
The news will come as a disappointment to industry veterans Nokia and Ericsson, which have been assumed to be in excellent positions to win 5G rollouts after several nations decided to exclude Chinese kit from their next-generation wireless networks.
Samsung reveals new folding stuff for people who like flaunting wads of folding stuff [2]READ MORE
While Samsung already does plenty of business with Verizon,it is a less-established player among top-tier carriers. However in 2018 the company's head of networking, Youngky Kim, [3]said that the business was aiming to take 20 per cent of the global 5G market by 2020.
The company's range of carrier-centric kit includes massively MIMO radios, a virtualized RAN and network slicing capabilities. And of course the company knows plenty about 5G devices, seeing as makes them by the million.
The contract is dated for 30 June 2020 through 31 December 2025 and includes equipment, installation, and maintenance, according to the filing. ®
Get our [4]Tech Resources
[1] http://dart.fss.or.kr/dsaf001/main.do?rcpNo=20200907800091
[2] https://www.theregister.com/2020/09/01/samsung_reveals_new_folding_stuff/
[3] https://www.google.com/search?client=firefox-b-d&q=WSJ+D.Live+samsung
[4] https://whitepapers.theregister.com/
What about UK ?
Anonymous Coward
Still waiting for Govt. handouts to rip out the minimal 5G Huawei equipment ! Seriously, where can you get decent 5G coverage? One street to another becomes a blackspot. Even 4G sucks. Networks are just not investing. Lesser countries are stealing a march on us. I would be happy, even if only they improve the 4G capacity and maximise its benefits/potential. Dont care what G they call it.
Ersatz UK.
Not an also ran
When it comes to 5G, Samsung is right up there with the rest of them. 4G and 5G were introduced earlier and more extensively in Asia than in the West because the need for them in their huge, densely populated cities was greater. And Samsung has for years being developing and supplying telephone network kit to the networks in Korea. Being able to design and manufacture its own silicon can't hurt either.