# Samsung wins $6.64 billion Verizon 5G equipment deal

Samsung Electronics has secured a five-year deal worth $6.64 billion to provide 5G mobile telecom equipment and network solutions to Verizon in the United States.

- Type: Contract
- Announced: 2020-09-07
- Where: United States
- Value: $6.64B
- Status: announced
- Products: 5G equipment, network solutions
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Samsung Electronics](https://endata.com/companies/647.md)
- [Samsung Electronics](https://endata.com/companies/647.md) (supplier)
- [Verizon](https://endata.com/companies/23798.md) (customer)
- [Isu Petasys](https://endata.com/companies/47640.md) (supplier)

## Sources

- [ajupress.com](https://www.ajupress.com/view/20200907094528463), 2020-09-07: "Samsung has secured a crucial five-year deal worth $6.64 billion to provide network solutions including 5G mobile telecom equipment to Verizon."
- [cnbc.com](https://www.cnbc.com/2020/09/07/samsung-wins-verizon-order-for-network-equipment.html), 2020-09-07: "Samsung Electronics said on Monday it had won a $6.64 billion order to provide wireless communication solutions to Verizon in the United States."
- [asiae.co.kr](https://www.asiae.co.kr/en/article/2020090811311467981), 2020-09-08: "Samsung Electronics announced yesterday that it has signed a wireless communication solution supply contract worth 7.9 trillion KRW with Verizon in the US."
- [thelec.kr](https://www.thelec.kr/news/articleView.html?idxno=8343), 2020-10-21: "미국 최대 이동통신 서비스 업체 버라이즌(Verizon)이 최근 체결한 7조9000억원 공급계약과 관련해 삼성전자 네트워크사업부에 중국산 부품 배제를 요구한 것으로 21일 전해졌다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.