Samsung Electronics announced that it has received a purchase order worth $ 6.64 billion to provide wireless communications solutions to Verizon in the United States, making it a big win for the company in the 5G market. .
According to CNBC Arabia, Samsung said in a statement: With this recent, long-term strategic contract, we will continue to push the boundaries of 5G innovation to enhance mobile experiences for Verizon customers.
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Samsung said in a regulatory file that the contract period, which the Samsung unit signed in the United States with Verizon, is from June 30, 2020 to December 31, 2025.
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Analysts said Samsung's prospects for its network business have improved after US sanctions on its biggest rival, Huawei.
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