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Landmark $8.3 billion, multi-year agreement expands long-standing partnership

Ericsson will deliver industry-leading 5G solutions, including Massive MIMO, Ericsson Cloud RAN and software to strengthen and expand Verizon’s world-class 5G network

Ericsson announces a landmark multi-year agreement with Verizon to provide its industry-leading 5G solutions to accelerate the deployment of Verizon’s world-class next-generation 5G network in the US.

Ericsson President and Head of North America Niklas Heuveldop says this is a significant strategic partnership for both companies and what Ericsson most excited about is bringing the benefits of 5G to US 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,” said Niklas Heuveldop.

Verizon Chief Technology Officer Kyle Malady said with this new agreement the company 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,” said Kyle Malady.

Under this $8.3 billion agreement, Verizon will deploy Ericsson’s 5G MIMO C-band, low-band and millimeter wave (mmWave) solutions to enhance and expand Verizon’s 5G Ultra Wideband coverage, network performance and user experience.

Ericsson’s technology solutions, including Massive MIMO, Ericsson Spectrum Sharing and Ericsson Cloud RAN, complement the high-performing Ericsson Radio System portfolio to support 5G services. Ericsson’s industry-leading software functionality provides end-users with the speed and performance they expect from 5G networks.

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.

Related content: Ericsson delivers first U.S. manufactured 5G base station to Verizon

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