Swedish networking company Ericsson will be providing telecommunications firm Verizon with its 5G solutions as the latter looks to expanding its 5G network in the United States.
Under the $8.3 billion agreement, Verizon will deploy Ericsson’s 5G 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, complement the high-performing Ericsson Radio System portfolio to support 5G services. Ericsson’s industry-leading software functionality provides end-users with the speed and performance they expect from 5G networks.
“This is a significant strategic partnership for both companies and what we’re most excited about is bringing the benefits of 5G to US consumers, enterprises, and the public sector,” said Niklas Heuveldop, president and head of Ericsson North America. “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 US.”
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“With this new agreement, we will be able to continue driving innovation and widespread adoption of 5G,” says Kyle Malady, CTO for Verizon. “We are pleased to continue this work through our long-standing relationship with Ericsson.”
In 2020, Verizon was the first communications service provider to receive a commercial 5G mmWave Street Macro base station from Ericsson’s award-winning new state-of-the-art US smart factory in Lewisville, Texas. Ericsson is committed to building and accelerating the nationwide build-out of 5G across the country.