Verizon Signs Its First Private 5G Deal in Europe

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Although Verizon Communications (NYSE: VZ) continues to hype its 5G rollout in the U.S., its latest win with the technology comes from across the Atlantic Ocean. On Thursday, the telecom giant announced that it has signed its first European private provider deal with the technology.

The counterparty is Associated British Ports (ABP), the company responsible for such facilities, and the deal covers the Port of Southampton in the south of England.

Verizon did not say how much it is being paid for this work. It also didn’t provide a time frame or duration for the project.

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