Samsung Wins $6.6 Billion 5G Verizon Deal While Huawei Struggles
- It’s one of Samsung’s largest so far in 5G networking
- Samsung is pushing hard to compete with Nokia and Ericsson
The Samsung Electronics Co. logo at the company's Seocho office building in Seoul.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Samsung Electronics Co. won a 7.9 trillion won ($6.6 billion) order to provide fifth-generation wireless solutions to Verizon Communications Inc. in the U.S., a big win for the electronics giant’s networking gear business.
The contract was finalized Friday and is valid from June 30 through December 2025, it said in a regulatory filing.