Ericsson Wins 4-Year Network Upgrade Contract With Nex-Tech Wireless

10:28 AM EDT, 09/14/2026 (MT Newswires) -- LM Ericsson (ERIC) and Nex-Tech Wireless have agreed to a four-year modernization program to upgrade about 85% of the carrier's radio access network infrastructure in rural Kansas, the companies said Monday. Financial terms of the agreement were not disclosed. The project involves installing a cloud-native 5G standalone core alongside hosting capabilities for third-party mobile carriers, the company said. The update relies on the specialized radio RAN Processor 6655 and software to increase coverage and expand data capacity, and also incorporates a data management platform to handle billing operations in the core system, Ericsson said. Ericsson shares were down more than 2% in Monday trading. Price: 10.11, Change: -0.20, Percent Change: -1.94