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Verizon Enters $6.6B Deal With Samsung For Network Equipment Through Dec. 31, 2025

By John F. Heerdink, Jr.

Samsung Electronics succeeded in winning a $6.64 billion order to provide wireless communication solutions to Verizon Communications, Inc. (VZ) in the United States, as per reports. Verizon has been an existing Samsung customer before the order.

“With this latest long-term strategic contract, we will continue to push the boundaries of 5G innovation to enhance mobile experiences for Verizon’s customers,” Samsung said in a statement.

The period of the contract between Samsung’s U.S. unit and Verizon Sourcing LLC is from June 30, 2020, to Dec. 31, 2025, as per reports. 

Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communications and technology solutions that improve the lives of its customers. To learn more about Verizon Communications, Inc. (VZ), and to track its progress please visit the Vista Partners Verizon Communications Inc. Coverage Page.

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(Read Original Story: Samsung Electronics wins $6.6 billion Verizon order for network equipment in Reuters)


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