Nokia signs $3.5 billion 5G deal with T-Mobile2018-07-30 16:01 by Daniela
Tags: Nokia, T-Mobile, 5G
Nokia has won a $3.5 billion contract from T-Mobile to build out the mobile carriers 5G network in the U.S. No.3 U.S. mobile carrier T-Mobile - which in April agreed to a merger with Sprint to create a more formidable rival to U.S. telecom giants Verizon and AT&T - said the multiyear supply deal with Nokia will deliver the first nationwide 5G services.
Terms of the deal call for Nokia to supply a range of 5G hardware, software and services that will allow T-Mobile to capitalize on licensed airwave to deliver, broad coverage on 600 megahertz spectrum and ultra high-speed capacity on 28 megahertz airwaves in densely trafficked urban areas, the companies said.
The deal is one of the largest contracts T-Mobile has ever given out, as the country's third largest carrier prepares to debut the next-generation service in New York, Los Angeles, Dallas and Las Vegas early next year.
"It's our largest 5G deal to date, and in fact, one of the largest deals Nokia's ever signed," Phil Twist, vice president for marketing at Nokia's Mobile Networks unit, told Bloomberg. "This underlines and makes concrete that 5G is coming to the market."
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