Logo of Phnom Penh Post newspaper Phnom Penh Post - Samsung, Verizon ink $6.6B 5G deal

Samsung, Verizon ink $6.6B 5G deal

Content image - Phnom Penh Post
Samsung has been pursuing the US 5G market with the aim of providing end-to-end solutions from semiconductors to mobile phones and network infrastructure. SAMSUNG ELECTRONICS/THE KOREA HERALD

Samsung, Verizon ink $6.6B 5G deal

South Korean tech behemoth Samsung Electronics Co Ltd will supply 5G network equipment for US-based Verizon Communications Inc, the world’s largest mobile carrier by revenue, through a deal worth 7.9 trillion won ($6.6 billion), the company’s regulatory filing on Monday said.

The deal marks the biggest network equipment export for South Korea, while officially signalling that Samsung has entered the US 5G market.

According to the filing, Samsung will provide an array of 5G solutions including equipment for Verizon for the next five years.

While the US is the biggest telecommunications market, in which global equipment makers make huge investments, Samsung has worked on the market for the last 20 years to settle as a major supplier.

Samsung was the world’s first equipment manufacturer to commercialise 5G services in partnership with SK Telecom in South Korea last year.

Samsung has invested more than $30 billion in 5G advancement and overall network development across the US, according to its network business.

It has been pursuing the US 5G market with the aim of providing end-to-end solutions from semiconductors to mobile phones and network infrastructure. The technology giant has undertaken such initiatives as the 5G Innovation Zone at its Samsung Austin Semiconductor facility in Texas and a collaboration to create the nation’s first 5G-enabled stadium.

In January, Samsung said it had acquired TeleWorld Solutions, a network service provider headquartered in Chantilly, Virginia, to support local network operators and accelerate and simplify rollouts of the 5G network across the US. The company operates as a subsidiary of Samsung Electronics America.

The South Korean tech giant is also providing 5G solutions for AT&T, Sprint and US Cellular.

Samsung’s market share in the global telecom equipment market was three per cent last year, behind number one Huawei, Nokia, Ericsson, ZTE and Cisco.

The prospects for Samsung in the equipment market seem to have improved amid the tightening US sanctions on Huawei.



  • Would you like fries with that? US burger chain makes Phnom Penh debut

    California-based The Habit Burger Grill restaurant chain is all set to serve up a delicious array of charbroiled burgers and sides at its newest international location in the centre of Phnom Penh. The Habit is “renowned for its award-winning Charburgers grilled over an open flame,

  • Banteay Meanchey flood victims receive aid

    Prime Minister Hun Sen on Wednesday provided aid to more than 10,000 families affected by flooding in Banteay Meanchey province’s Mongkol Borei district and offered his condolences to the 18 victims who drowned in the province over the past week. He said flooding had occured in

  • Angkor provides ‘valuable’ water storage

    The Apsara National Authority (ANA) has stored millions of cubic metres of water at reservoirs in the Angkor area after Cambodia experienced a series of rainstorms over the last few days. The storing of the water, besides serving temple conservation, will also be used to

  • PM urges caution as Polish man tests positive for Covid

    The Ministry of Health on Wednesday reported that a 47-year-old Polish man tested positive for Covid-19 after arriving in Cambodia on Monday. There are a total of six Covid-19 patients currently in the country, all of whom are being treated at the Khmer-Soviet Friendship Hospital

  • Banteay Meanchey floods kill one more as death toll reaches 15

    As floodwaters start to recede in Pursat, Battambang and Pailin provinces and Phnom Penh, Banteay Meanchey continues to bear the brunt as one more person was killed on Monday, bringing the total number of flood-related deaths to 15 in the province this month. Banteay Meanchey provincial

  • Serving coffee with a side of robots

    The eye-catching glass building surrounded by greenery at the intersection of Streets 371 and 2002 in Phnom Penh’s Sen Sok district is more than just another coffee shop where you can while away a few hours. UrHobby House cafe is filled with robots and characters from