Ericsson Inks $3.5 Billion 5G Deal With T-Mobile US

Ericsson Inks $3.5 Billion 5G Deal With T-Mobile US
The Ericsson logo is seen at the Ericsson's headquarters in Stockholm, Sweden, on June 14, 2018. Olof Swahnberg/Reuters
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Mobile telecom gear maker Ericsson said on Sep. 11, it had signed a $3.5 billion multi-year deal to support T-Mobile’s United States 5G network deployment, the biggest 5G order that Ericsson has announced.

T-Mobile, the third-biggest U.S. mobile carrier, said in February 2018 it was working with Ericsson and rival network vendor Nokia of Finland to build out 5G networks in 30 U.S. cities during 2018.