Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News
Whatsapp

T-Mobile U.S. and Nokia reach $3.5 billion deal to deliver nationwide 5G services

Sayantoni Banerjee
Sayantoni Banerjee
Reader, writer and content creator, with an interest in the arts, media and technology. A passionate polyglot and a socially and politically aware individual who stays in tune with the latest social media and cultural trends in order have a global outlook.

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

On Monday, the world saw the formation of its biggest next generation 5G deal till date, with T-Mobile US (TMUS.O) naming Nokia (NOKIA.HE) to supply it with $3.5 billion in next-generation 5G network gear, according to reports from both the firms, with the solid evidence for the development of a new wireless upgrade cycle.

T-Mobile, the third largest mobile carrier in the U.S., had agreed to merge with Sprint (S.N) in April, in order to build competition for to U.S. telecom giants Verizon (VZ.N) and AT&T (T.N). Now they aim to deliver the first 5G services all over the country with the multiyear supply deal with Nokia.

For Finland’s Nokia, which was worn down battered by decreasing demand over the years for the existing 4G networks and increasing worries of investors over the profits from 5G contracts, the T-Mobile award is necessary.

5G networks guarantee faster, reliable and more responsive networks, for industrial, medical and business purposes, telecom operators have always been apprehensive about upgrading existing networks to 5G.

The companies stated that the terms of the deal include supply of its AirScale radio access platform as well as cloud-connected hardware by Nokia, software, and services, for T-Mobile to capitalize on licensed airwave, for delivering broad coverage on 600 megahertz spectrum and ultra high-speed capacity on 28 gigahertz airwaves in urban regions with dense traffic.

Join 10,000+ Fellow Readers

Get Techgenyz’s roundup delivered to your inbox curated with the most important for you that keeps you updated about the future tech, mobile, space, gaming, business and more.

Recomended

Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic