AT&T's Network Revamp Deal with Ericsson Sends Nokia Shares Plummeting
TL;DR
AT&T shares rose 3.9% after announcing a new network deal with Ericsson, in which the company plans to spend up to $14 billion on network equipment over a five-year period. AT&T aims to lead the US in commercial scale open radio access network (Open RAN) deployment.
- AT&T Shares Rise on News of Ericsson Network Deal Barron's
- Nokia plunges to three-year low after losing major AT&T deal to rival Ericsson CNBC
- AT&T Taps Ericsson for $14 Billion Network Revamp, Ousting Nokia Yahoo Finance
- Prior to yesterday, all the open RAN news was in Europe FierceWireless
- AT&T's Ericsson Supply Deal Isn't 'Secret Sauce' for Easing Costs, CEO Says The Wall Street Journal
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