Samsung said in a regulatory filing the period of the contract, signed with Verizon Sourcing LLC, is from June 30,2020 to Dec. 31,2025. It did not give details in the filing.
SEOUL: Samsung Electronics said on Monday its U.S. unit won a 7.9 trillion won (US$6.7 billion) order to provide wireless communication solutions to Verizon in the United States.
The order is for network equipment, a Samsung spokesman said, but declined to comment on detailed terms the contract, such as the portion of 5G-capable equipment included.
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