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Huawei crackdown

Samsung wins $6.6bn order from Verizon for 5G telecom gear

South Korean giant expands presence in US as Huawei remains locked out

Samsung has inked a lucrative 5G telecom deal with U.S. wireless carrier Verizon. (Source photos by AP) 

SEOUL -- Samsung Electronics said Monday it has secured a 7.9 trillion won ($6.6 billion) order to supply 5G telecommunications equipment to Verizon Communications, paving the way for the South Korean giant to expand its presence in the U.S. as its Chinese rival, Huawei Technologies, remains locked out of the world's largest telecom market.

Samsung's local unit Samsung Electronics America on Friday signed a deal with Verizon Sourcing, a subsidiary of Verizon Communications, to begin offering mobile communication solutions for the wireless carrier by 2025. This includes providing, establishing and maintaining the company's 5G mobile telecom equipment.

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