Samsung Electronics wins $6.6 bn Verizon order for 5G network equipment

Samsung Electronics said on Monday it had won a $6.64 billion order to provide wireless communication solutions to Verizon in the United States, a major win for the South Korean firm in the next-generation 5G network market. Samsung's global prospects for its network business have improved following U.S.

sanctions on its bigger rival Huawei [HWT.UL], analysts said. Verizon CEO Hans Vestberg told CNBC in July last year that Verizon does not use any Huawei equipment. Verizon had already been a Samsung customer before the order. Verizon.....

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