LONDON (Reuters) – T-Mobile US (TMUS.O) named Nokia (NOKIA.HE) to supply it with $3.5 billion(2.67 billion pounds) in next-generation 5G network gear, the firms said on Monday, marking the world’s largest 5G deal so far and concrete evidence of a new wireless upgrade cycle taking root.
No.3 U.S. mobile carrier T-Mobile – which in April agreed to a merger with Sprint (S.N) to create a more formidable rival to U.S. telecom giants Verizon (VZ.N) and AT&T (T.N) – said the multiyear supply deal with Nokia will deliver the first nationwide 5G services.
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