T-Mobile, Nokia Seal $3.5 Billion Deal for 5G Network

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T-Mobile, Nokia seal $3.5B deal for 5G network

Jul. 30, 2018 9:11 AM ETT-Mobile US, Inc. (TMUS)By: Jason Aycock, SA News Editor20 Comments

  • T-Mobile (NASDAQ:TMUS) and Nokia (NYSE:NOK) have come to a $3.5B multi-year deal for deployment of a nationwide 5G network.
  • The two will build out T-Mobile’s network with 600 MHz and 28 GHz millimeter wave capabilities, compliant with 3GPP New Radio standards.
  • “We are all in on 5G,” says T-Mobile Chief Technology Officer Neville Ray. “Every dollar we spend is a 5G dollar, and our agreement with Nokia underscores the kind of investment we’re making to bring customers a mobile, nationwide 5G network.”
  • Premarket, Nokia is up 1.5%; T-Mobile is up 0.4%.

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