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Verizon Beats Out European Carriers to Run 5G at U.K. Freeport

  • U.S. carrier will set up next-generation wireless system
  • Business contracts are seen as big 5G sales opportunity
Imports & Exports At Port Of Southampton
Photographer: Jason Alden/Bloomberg

U.S. carrier Verizon Communications Inc. has won its first industrial 5G deal in Europe, beating out local telecommunications companies and marking an early win in a push to sell the wireless systems to global businesses.

Verizon will build and run a private network for Associated British Ports Holdings Ltd. in Southampton on the south coast of England, and the network will run on equipment from Finland’s Nokia Oyj, the company said in a statement on Thursday. Verizon and ABP declined to share the financial terms of the deal.