Business Maverick: Samsung Wins $6.6 billion 5G Verizon Deal While Huawei Struggles

📆 07/09/2020 08:45:00
📰 dailymaverick

⏱ Reading Time:
32 sec. here
2 min. at publisher
📊 Quality Score:
News: 16%
Publisher: 84%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

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 Samsung contract was finalized Friday and is valid from June 30 through December 2025, it said in a regulatory filing.

The deal marks one of Samsung’s biggest 5G contracts since Korea’s largest corporation decided years ago to invest in networking and compete with global players like Nokia and Ericsson in providing telecom equipment. It should lift Samsung’s market share in the wireless industry at a time leader Huawei Technologies Co. is grappling with U.S. sanctions and Washington’s effort to get allies around the world to shut out the Chinese company.

Samsung, the world’s largest memory chip and electronics gadget maker, has been pushing hard to expand its market share in the 5G equipment market and investing in

Scrivi un Commento

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Business Maverick: Elon Musk’s Option Haul Swells to Almost $9 Billion With Third PayoutTesla Inc.’s stock setback this week wasn’t enough to hinder Elon Musk’s improbable payouts, now amounting to a staggering $8.8 billion.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »

Business Maverick: Germany Uses Novichok as Leverage With Kremlin Over Gas PipelineChancellor Angela Merkel’s top diplomat warned Russia that Germany’s support for the Nord Stream 2 gas pipeline is at risk if the Kremlin doesn’t assist in clarifying the poisoning of dissident Alexey Navalny.
Fonte: dailymaverick - 🏆 3. / 84 Leggi di più »