Samsung has sealed a $6.6 billion deal with Verizon to build 5G networks in the US

Latest news
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea January 7, 2019. Picture taken January 7, 2019. REUTERS/Kim Hong-Ji

Summary List Placement

Samsung has pressed its 5G advantage over sanctions-hit Huawei by sealing a $6.64 billion deal with American telecommunications giant Verizon to set up 5G networks in the US.  

Verizon will use the South Korean company’s wireless telecoms equipment until the end of 2025.

Samsung, which announced the deal on Monday, has previously supplied 4G and 5G technology to US operators such as AT&T and Sprint. Fifth-generation wireless networks facilitate high-speed video and internet, and are considered vital to the rollout of future tech, such as self-driving vehicles.

The deal comes as the US government continues to impose sanctions on Chinese telecoms giant Huawei. The Trump administration banned the sale of chips using US software to the Chinese technology firm in August, restricting Huawei’s 5G capabilities.

The US has accused Huawei of sharing US citizens’ data with China, which Huawei denies. President Donald Trump argues that the company poses a national security threat. 

The US is not alone in targeting the Chinese company. The UK and India are removing Huawei equipment from their 5G networks. On a visit to Prague in August, US Secretary of State Mike Pompeo urged the Czech government to shut Huawei out, too, and compared the threat of China to that of the Soviet Union during the Cold War. 

SEE ALSO: OPINION: The UK’s Huawei ban risks crippling its ambitions in technology and science

SEE ALSO: TikTok is arguing the Trump administration shouldn’t treat it like Huawei because it poses less of a theoretical threat than telecoms providers

Join the conversation about this story »

  Horoscope for Thursday, Sept. 17, 2020

NOW WATCH: Epidemiologists debunk 13 coronavirus myths

…read more

Source:: Business Insider


(Visited 3 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *