Sina Technology News Beijing time in the late July 30th news, T-Mobile US and NOKIA today reached a $3 billion 500 million worth of 5G equipment supply agreement, so far the world's largest 5G transaction.
Under the agreement, NOKIA will provide T-Mobile US with $3 billion 500 million 5G network equipment. T-Mobile US, the third largest mobile operator in the US, has agreed to merge with Sprint in April this year.
T-Mobile US said the multi-year supply agreement will allow the company to launch its first nationwide 5G service.
For NOKIA, winning the deal is crucial. At present, NOKIA's performance has been depressed due to the slow demand of global 4G network devices. At the same time, more and more investors are thinking about whether the 5G contract can boost Nokia's profit growth later this year.
Under the contract, NOKIA will supply 5G hardware, software and services to T-Mobile US, including the AirScale wireless access platform, supporting the hardware, software, and acceleration services of the cloud connection, allowing the T-Mobile US to provide 5G services using the obtained band. (Li Ming)
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