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Ericsson signs 5-year 5G contract with AT&T

(Reuters) – Sweden’s Ericsson (ERICb.ST) said on Monday it has won a five-year contract from AT&T (T.N) to help build its 5G network in the United States.

AT&T, which won an auction earlier this year for C-Band spectrum, plans to use Ericsson’s gear to launch its 5G standalone network.