Bridgewater Inks $56m Verizon Deal

Bridgewater Systems has announced a new four-year framework agreement with Verizon Wireless under which Bridgewater will provide products and services for Verizon’s network expansion. The value of the agreement between the parties is approximately $56m (£36m).
Under the agreement, Bridgewater will provide mobile control solutions as well as maintenance and support services for all current and future 3G solutions. In addition, the agreement provides the framework for Bridgewater to deliver new products and services to support Verizon Wireless’ ongoing network expansion across multiple access networks.
“Verizon operates the nation’s largest and most reliable 3G network – and starting this month the world’s first large-scale 4G LTE network. We are committed to technologies that will ensure our customers an optimal, secure, and personalized mobile broadband experience,” says Ed Chan, vice president, National Network Operations at Verizon Wireless. “Bridgewater has demonstrated the ability to meet our performance and scalability requirements as we expand our network to deliver advanced mobile broadband services.”