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“Samsung Wins $6.6 Billion 5G Verizon Deal While Huawei Struggles”

“Samsung Electronics Co. won a 7.9 trillion won ($6.6 billion) order to provide fifth-generation wireless solutions to Verizon Communications Inc. in the U.S., a big win for the electronics giant’s networking gear business.

The contract was finalized Friday and is valid from June 30 through December 2025, it said in a regulatory filing…  It should lift Samsung’s market share in the wireless industry at a time leader Huawei Technologies Co. is grappling with U.S. sanctions and Washington’s effort to get allies around the world to shut out the Chinese company…”

https://finance.yahoo.com/news/samsung-wins-6-6-billion-024712944.html

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