AT&T selects Ericsson over Nokia for $14 billion US network revamp
AT&T has chosen Ericsson to build a telecom network in the US using ORAN technology, which promises to cut costs for telecom operators by using cloud-based software and gear from multiple suppliers. The network will cover 70% of AT&T's wireless traffic by late 2026. The move marks a milestone for ORAN technology, as existing carriers have been slow to adopt it. The deal with Ericsson could cost AT&T up to $14 billion over five years and makes Ericsson the largest supplier to AT&T, potentially taking over Nokia's share. Nokia shares fell on speculation of losing the AT&T contract.