KISTA, Sweden, July 16, 2021 /PRNewswire/ -- Ericsson (NASDAQ:
ERIC) today announces a landmark multi-year agreement with Verizon
to provide its industry-leading 5G solutions to accelerate the
deployment of Verizon's world-class next-generation 5G network in
the U.S.
Niklas Heuveldop, President and Head of Ericsson North America, says: "This is a
significant strategic partnership for both companies and what we're
most excited about is bringing the benefits of 5G to U.S.
consumers, enterprises and the public sector. We're looking forward
to working with Verizon to leverage solutions like Cloud RAN and
our Street Macro, adding depth and versatility to 5G network
rollouts across the U.S."
"With this new agreement, we will be able to continue driving
innovation and widespread adoption of 5G," says Kyle Malady,
Chief Technology Officer for Verizon. "We are pleased to continue
this work through our long-standing relationship with
Ericsson."
Under this $8.3 billion USD
agreement, Verizon will deploy Ericsson's 5G MIMO C-band, low-band
and millimeter wave (mmWave) solutions to enhance and expand
Verizon's 5G Ultra Wideband coverage, network performance and user
experience. Ericsson's technology solutions, including Massive
MIMO, Ericsson Spectrum Sharing and Ericsson Cloud RAN, complement
the high-performing Ericsson Radio System portfolio to support 5G
services. Ericsson's industry-leading software functionality
provides end-users with the speed and performance they expect from
5G networks.
In 2020, Verizon was the first communications service provider
to receive a commercial 5G mmWave Street Macro base station from
Ericsson's award-winning new state-of-the-art U.S. smart factory in
Lewisville, Texas. Ericsson is
committed to building and accelerating the nationwide build-out of
5G across the country.
Related content: Ericsson delivers first U.S. manufactured 5G
base station to Verizon
NOTES TO EDITORS:
Ericsson 5G
Cloud RAN by Ericsson
Podcast: The journey towards open, virtual networks
Ericsson Radio System
Contemplating coverage: to extend or not to extend? That is the
question. The answer: yes - with 5G carrier aggregation
The significance of the 5G Uplink Booster to the new normal
For media kits, backgrounders and high-resolution photos, please
visit www.ericsson.com/press
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media.relations@ericsson.com (+46 10 719 69 92)
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ABOUT ERICSSON:
Ericsson enables communications service providers to capture the
full value of connectivity. The company's portfolio spans Networks,
Digital Services, Managed Services, and Emerging Business. It is
designed to help our customers go digital, increase efficiency and
find new revenue streams. Ericsson's innovation investments have
delivered the benefits of mobility and mobile broadband to billions
of people around the world. Ericsson stock is listed on Nasdaq
Stockholm and on Nasdaq New York. www.ericsson.com
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SOURCE Ericsson