T-Mobile and Ericsson Sign Major $3.5 Billion 5G Agreement
WASHINGTON,Sept. 11,2018 --
Ericsson (NASDAQ: ERIC) and T-Mobile (NASDAQ: TMUS) today announced a multi-year,$3.5 billion contract to support T-Mobile's nationwide 5G network deployment. Under the deal,Ericsson will provide T-Mobile with the latest 5G New Radio (NR) hardware and software compliant with 3GPP standards.
Bridging from a nationwide LTE Advanced network to 5G,T-Mobile will leverage Ericsson's market-leading 5G portfolio to expand existing LTE capacity needs while future-proofing the network.
The contract also encompasses Ericsson's digital services solutions,including dynamic orchestration,business support systems (BSS) and Ericsson Cloud Core,enabling T-Mobile to rapidly launch innovative and groundbreaking 5G experiences to customers.
Neville Ray,Chief Technology Officer,T-Mobile,says: "While the other guys just make promises,we're putting our money where our mouth is. With this new Ericsson agreement we're laying the groundwork for 5G – and with Sprint we can supercharge the 5G revolution."
Niklas Heuveldop,President and Head of Ericsson North America,says: "We have recently decided to increase our investments in the US to be closer to our leading customers and better support them with their accelerated 5G deployments; thereby bringing 5G to life for consumers and enterprises across the country. This agreement marks a major milestone for both companies. We are excited about our partnership with T-Mobile,supporting them to strengthen,expand and speed up the deployment of their nationwide 5G network."
5G promises to deliver very high data speeds,extreme low latency,ultra-high reliability,energy efficiency and extreme device densities,which will be realized by the development of LTE in combination with new radio-access technologies.
Under the terms of the new deal,Ericsson will supply hardware and software from its market-ready 5G Platform,which includes its strengthened Ericsson Radio System portfolio,across all spectrum bands available to T-Mobile. Additionally,T-Mobile's already installed base of Ericsson Radio System radios will be able to run 5G NR technology with simple remote software installation.
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ABOUT T-MOBILE US,INC.
As America's Un-carrier,T-Mobile US,Inc. (NASDAQ: TMUS) is redefining the way consumers and businesses buy wireless services through leading product and service innovation. Our advanced nationwide 4G LTE network delivers outstanding wireless experiences to 75.6 million customers who are unwilling to compromise on quality and value. Based in Bellevue,Washington,T-Mobile US provides services through its subsidiaries and operates its flagship brands,T-Mobile and MetroPCS. For more information,please visithttp://www.t-mobile.com.
ABOUT ERICSSON
Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans Networks,Digital Services,Managed Services,and Emerging Business and is designed to help our customers go digital,increase efficiency and find new revenue streams. Ericsson's investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com
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T-Mobile and Ericsson Sign Major $3.5 Billion 5G Agreement
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