T - Ericsson Shares Jump After Winning Largest Deal Financially In Its History: Details | Benzinga
Telefonaktiebolaget L M Ericsson (NASDAQ: ERIC) shares are trading higher by 4% after it got chosen by AT&T Inc (NYSE: T) to lead the United States in commercial-scale open radio access network (Open RAN) deployment.
The deal is the largest financially in Ericsson's history, as per the company.
As per the 5-year contract term, Ericsson will leverage its USA 5G Smart Factory in Lewisville, Texas, to manufacture 5G equipment for this contract.
Moreover, AT&T will spend roughly $14 ...