Ericsson and Verizon extend their long-standing partnership with the announcement of a landmark new $8.500 billion multi-year deal in which the Swedish network equipment provider will provide US telecommunications with its 5G solutions. Through the agreement, Verizon plans to accelerate the rollout of its 5G network in the United States after it begins rolling out next-generation mobile Internet connectivity in 2019. Ericsson North America President and CEO Niklas Heuveldop provided more information about the strategic partnership of the two companies in a press release, saying: “This is an important strategic partnership for both companies and what we are most excited about is bringing the benefits of 5G to American consumers, businesses and the public sector. . We look forward to working with Verizon to leverage solutions like Cloud RAN and Street Macro, adding depth and versatility to 5G network deployments in the United States.