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T-Mobile and Ericsson Sign Major $3.5 Billion 5G Agreement

September 11, 2018

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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.

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