Samsung's Massive Verizon 5G Contract Spells Doom for Nokia [telecom]

By Matt Kapko

Samsung inked a $6.64 billion deal with Verizon to supply 5G radio access network (RAN) equipment to the operator through 2025. The agreement effectively marks the end of Nokia's long established RAN contract with Verizon in a shakeup that could be one of the most significant vendor losses in a decade, according to Ryan Koontz, analyst at Rosenblatt Securities.

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By Matt Kapko

Samsung inked a $6.64 billion deal with Verizon to supply 5G radio access network (RAN) equipment to the operator through 2025. The agreement effectively marks the end of Nokia's long established RAN contract with Verizon in a shakeup that could be one of the most significant vendor losses in a decade, according to Ryan Koontz, analyst at Rosenblatt Securities.

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