Ericsson has announced a multi-year agreement with Verizon to provide 5G solutions to accelerate the deployment of Verizon’s world-class next-generation 5G network in the U.S.
Ericsson will deploy its 5G MIMO C-band, low-band, and millimetre wave (mmWave) solutions under this $8.3 billion USD agreement to enhance Verizon’s 5G Ultra Wideband coverage, network performance, and user experience. Technology solutions from Ericsson, including Massive MIMO, Ericsson Spectrum Sharing, and Ericsson Cloud RAN, complement Ericsson’s high-performance Radio System portfolio to support 5G services. Ericsson’s industry-leading software functionality provides end-users with the speed and performance they demand from 5G networks.
Commenting on the development, Niklas Heuveldop, President and Head of Ericsson North America, said, “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.”
Meanwhile, Kyle Malady, Chief Technology Officer for Verizon, said, “With this new agreement, we will be able to continue driving innovation and widespread adoption of 5G”. “We are pleased to continue this work through our long-standing relationship with Ericsson”, he added.
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.