New Delhi, Sept. 8 -- According to the company, Samsung Electronics will develop 5G network infrastructure for Verizon Communications under a $6.65 billion deal. As per the filing, the contract will run through 2025. "Samsung has demonstrated their commitment to collaborating with us to drive innovation in 5G," New York-based Verizon said in a statement. "We are excited to expand our relationship with them and benefit from a long-term strategic agreement."

Samsung said that this partnership with Verizon will allow the companies to "push the boundaries of 5G innovation to enhance mobile experiences for Verizon's customers."

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