Ericsson inks $3.5 billion 5G deal with T-Mobile US

According to a recent announcement, Ericsson and T-Mobile have entered into a multi-year, $3.5 billion contract to support T-Mobile's nationwide 5G network deployment.

Ericsson and T-Mobile US have signed a $3.5bn-heavy deal to support the telecom's 5G network deployment, the two companies confirmed recently.

By 1655 GMT, T-Mobile shares were 0.47% higher at $65.87.

The press made it seem like T-Mobile gained ground on AT&T and Verizon in the 5G race, but 7 hours later, Verizon set the record straight by outlining its plan to launch 5G internet on october 1.

"Now we haven't too long within the past made up our minds to amplify our investments within the USA to be nearer to our main clients and better abet them with their accelerated 5G deployments; thereby bringing 5G to lifestyles for shoppers and enterprises within the direction of the country", talked about Niklas Heuveldop, the president and head of Ericsson North The United States, talked about in an announcement.

Indeed, this deal follows one the United States wireless operator made with Nokia, earlier in the year.

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Meanwhile, Ericsson was upbeat on its 5G investment decisions and this new deal, too.

Bridging from a nationwide LTE Advanced network to 5G, T-Mobile will take advantage of Ericsson's 5G portfolio to grow existing LTE capacity needs while future-proofing the system.

"We have recently chose to increase our investments in the USA to be closer to our leading customers and better support them with their accelerated 5G deployments; thereby bringing 5G to life for consumers and enterprises across the country", said Niklas Heuveldop, President and Head of Ericsson North America. "This settlement marks a most well-known milestone for each companies".

T-Mobile is moving ahead quickly with its plans to upgrade it wireless systems to the next level of 5G.

Ericsson, which makes mobile network gear, will provide T-Mobile with certain digital and business support systems as.

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