Samsung Wins $6.6 Billion Verizon Contract for 5G Network

Samsung Wins $6.6 Billion Verizon Contract for 5G Network
The logo of Samsung Electronics is seen at its office building in Seoul on Jan. 7, 2019. Kim Hong-Ji/Reuters
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Samsung Electronics Co. will develop 5G network infrastructure for Verizon Communications under a $6.65 billion deal announced Monday.

The contract runs through 2025, according to a Samsung corporate filing.