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Samsung to supply Verizon with $6.6 billion worth of network equipment

Sep 07, 2020 - ICT Monitor Worldwide

South Korean tech giant Samsung has clinched a network equipment supply deal with US carrier Verizon, the company publicly disclosed on Monday.

The contract for wireless telecommunication solutions between Samsung Electronics America and Verizon Sourcing LLC is worth around 7.9 trillion won, around $6.6 billion, the conglomerate said.

The size of the deal is equivalent to 3.43% of Samsung Electronics' 2019 full-year sales of 230 trillion won. The contract will expire on 31 December 2...