Ericsson, T-Mobile ink $3.5 bn deal to facilitate 5G deployment

San Francisco: Swedish communication services giant Ericsson and US-based wireless network operator T-Mobile on Wednesday signed a multi-year contract worth $3.5 billion to support the latter’s nation-wide deployment of 5G network.

As part of the agreement, Ericsson would provide T-Mobile with the latest 5G New Radio (NR) hardware and software compliant with the “Third Generation Partnership Project” (3GPP) standards.

“We have recently decided to increase our investments in the US to be closer to our leading customers and better support them with their accelerated 5G deployments and we are excited about our partnership with T-Mobile,” said Niklas Heuveldop, President and Head of Ericsson in North America.

Deployment of 5G networks promises to deliver very high data speeds, extreme low latency, high reliability, energy efficiency and extreme device densities. (IANS)