Ericsson shares jump after AT&T deal win, Nokia drops


The AT&T logo is seen on a store in Golden, Colorado United States July 25, 2017. REUTERS/Rick Wilking/File Photo

STOCKHOLM (Reuters) - AT&T has chosen Ericsson to build a telecom network using a new cost-cutting technology ORAN that will cover 70% of its wireless traffic in the United States by late 2026.

The $14 billion, five-year deal will boost Ericsson's share in one of the largest telecom players in the world, and erode the presence of rival Nokia in the North American market.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Group of WTO states agrees not to impose e-commerce duties
Netflix searches for franchises after losing out on Harry Potter
Humanoid robots offer Europe path to stay in tech race
Amazon eyes $9 billion Globalstar deal to rival SpaceX's Starlink, FT reports
Ahead of Greek social media ban, parents desperate to separate children from phones
It’s International Fact-Checking Day. Refresh your AI identification skills
Meta, YouTube verdict escalates calls for teen social media limits
AI machine sorts clothes faster than humans to boost textile recycling in China
Anthropic rushes to limit leak of Claude Code source code
Seeking a sounding board? Beware the eager-to-please chatbot.

Others Also Read