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        <title><![CDATA[Samsung wins $6.6 billion 5G contract from Verizon]]></title>
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            <media:title type="html">Samsung wins $6.6 billion 5G contract from Verizon</media:title>
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        <content:encoded><![CDATA[<p>Samsung has inked a $6.6 billion contract to help American communications firm Verizon build its fifth-generation wireless network.</p><p>The South Korean telecom giant will provide New York-based Verizon with network equipment along with installation and maintenance under the contract signed Friday, Samsung said in a Monday <strong>regulatory filing</strong>. The pact will run through the end of 2025, according to the filing.</p><p>&#8220;With this latest long-term strategic contract, we will continue to push the boundaries of 5G innovation to enhance mobile experiences for Verizon’s customers,&#8221; Samsung said in a statement.</p><p>Samsung did not disclose detailed terms of the deal, including how much of it covered 5G-capable equipment. But the contract nonetheless marked a win for Samsung in the global race to build out the next generation of high-speed wireless technology.</p><p>Samsung currently holds about 13 percent of the market for 5G network sales, placing it fourth among the world&#8217;s leading wireless firms behind Nokia, Ericsson and Chinese tech titan Huawei, <strong>the Wall Street Journal reported</strong>, citing figures from Dell&#8217;Oro Group, a market research firm.</p><p>Huawei, the global market leader, has <strong>faced sanctions from the Trump administration</strong> over concerns that it spies on Americans, allegations the company has denied. British Prime Minister Boris Johnson ordered all Huawei equipment <strong>pulled out of the nation&#8217;s 5G network</strong> by 2027 following pressure from US officials.</p><p>Verizon&#8217;s &#8220;potential success in deploying Samsung&#8217;s software-based 5G radio access network solution could also attract telcos in other countries, especially those looking to replace Huawei as their major equipment vendor,&#8221; Bloomberg Intelligence senior analyst Anthea Lai said in a commentary.</p><p>Samsung beat out Finnish rival Nokia for the Verizon contract, <strong>Reuters reported</strong> Monday, though a Nokia spokeswoman said Verizon is still &#8220;a top three global customer&#8221; for the company.</p><p>Verizon did not immediately respond to a request for comment on the deal.</p><p><em>With Post wires</em></p>]]></content:encoded>
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