- Samsung has signed a $6.65 billion network deal with Verizon. These are the details.
Samsung has signed a $6.65 billion network deal with Verizon. This contract will run through the end of 2025, according to a public disclosure.
This is not the first time that Samsung and Verizon worked together on 5G services. A couple of years ago, Samsung’s technology was used for a 5G home service that Verizon was offering customers in California, Texas, and Indiana.
“Samsung has demonstrated their commitment to collaborating with us to drive innovation in 5G,” said Verizon in a statement. “We are excited to expand our relationship with them and benefit from a long-term strategic agreement.”
Samsung noted that the expanded partnership with Verizon is going to allow the companies to push the boundaries of 5G innovation and enhance mobile experiences for Verizon customers.
Samsung has previously done similar deals with AT&T and Sprint. The 5G network technology provided by Samsung will be used for connecting technologies like Internet of Things devices and self-driving vehicles.
“We’re excited to continue delivering on breakthrough network technologies that will expand what’s possible through 5G,” explained Samsung.
