# Samsung Networks starts production of Verizon telecom equipment

Samsung Electronics' Network Business Division has started production of telecom equipment for a 7.9 trillion won supply contract with Verizon signed in September 2020. Initial small-volume production began in December 2020, with mass production planned for Q2 2021.

- Type: Contract
- Announced: 2020-12-14
- Where: South Korea
- Value: $7.10B (7900.0B KRW)
- Status: under construction
- Products: 4G and 5G telecom equipment, radio units
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [thelec.kr](https://www.thelec.kr/news/articleView.html?idxno=9492), 2020-12-14: "삼성전자 네트워크사업부가 올해 9월 미국 이동통신서비스업체 버라이즌(Verizon)과 맺은 7조9000억원 규모 공급계약에 해당하는 통신 장비 생산을 이달 시작한 것으로 14일 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.