T-Mobile, Ericsson Sign Multi-year, $3.5 Bln 5G Agreement - Quick Facts

(RTTNews) - Ericsson (ERIC) and T-Mobile US, Inc. (TMUS) said Tuesday that they have signed a multi-year, $3.5 billion contract to support T-Mobile's nationwide 5G network deployment in the U.S.

Under the deal, Ericsson will provide T-Mobile with the latest 5G New Radio or NR hardware and software compliant with 3GPP standards. This includes the strengthened Ericsson Radio System portfolio.

In addition, T-Mobile's already installed base of Ericsson Radio System radios will be able to run 5G NR technology with simple remote software installation.

Bridging from a nationwide LTE Advanced network to 5G, T-Mobile will leverage Ericsson's 5G portfolio to expand existing LTE capacity needs while future-proofing the network.

According to the companies, the contract also encompasses Ericsson's digital services solutions, including dynamic orchestration, business support systems or BSS, and Ericsson Cloud Core, which will enable T-Mobile to rapidly launch 5G experience to customers.

Niklas Heuveldop, President and Head of Ericsson North America, said, "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."