Will AT&T buy Ericsson?

AT&T ( NYSE: T) will buy up to $14B of cell tower equipment in a five-year deal with Swedish supplier Ericsson ( NASDAQ: ERIC) to deploy its commercial-scale open radio access network (Open RAN). Open RAN would allow interoperation between telecom network equipment from different vendors, thereby cutting costs drastically.

How much will AT&T spend on Ericsson?

This industry-leading move, in collaboration with Ericsson, will further the telecommunications industry efforts and help build a more robust ecosystem of network infrastructure providers and suppliers. AT&T’s spend could approach roughly $14 billion over the 5-year term of the contract with Ericsson.

What is AT&T partnering with Ericsson?

... Ericsson and AT&T are collaborating in an industry-defining roughly USD 14 billion five-year network transformation and digitalization strategic agreement to pioneer the path to programmable and intelligent networks of the future. The deal is the largest financially in Ericsson’s history.