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Samsung lands Verizon as first U.S. indoor 5G product client

  • Weeks after Samsung (OTC:SSNNF,OTC:SSNLF) signed a $6.6B contract with Verizon (NYSE:VZ) for network equipment and services, the company announces Verizon will be its first U.S. customer for indoor 5G products.
  • Samsung says its new 5G portfolio will help operators add capacity to indoor areas from homes to factories or warehouses, areas where mmWave technology has problems traveling through obstacles like walls.
  • Samsung lags behind Nokia and Ericsson in the global telecom equipment market but is benefiting from the U.S. actions against market leader Huawei.
  • Previously: Samsung roundup: Qualcomm 5G chip order, $6.7B Verizon deal (Sep. 08 2020)

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Samsung Electronics Co., Ltd.