Business World

Sweden’s Ericsson inks $8.3 billion 5G deal with Verizon

Swedish telecommunication group Ericsson has signed an $8.3 billion worth 5G contract with American multinational telecommunications conglomerate Verizon. This is Ericsson’s biggest deal ever to be signed. Through this deal Ericsson hopes to expand Verizon’s 5G network in the United States by providing various innovative solutions. “This is a significant strategic partnership for both companies […]


What is 5G?

5G is the fifth generation of cellular mobile communications. It’s the successor of 4G, 3G and 2G. 5G performance targets high data rate, reduced latency, energy-saving, cost reduction, higher system capacity, and massive device connectivity over existing 4G technology. The speeds for data communication would be upto 20 gigabits per second, 5G operate at lower […]