Also Samsung aims to have its say in the market 5G that after years of promises (partly not yet fulfilled) now seems finally ready to show its muscles and its potential. It will not do so only through the marketing of devices capable of exploiting the new generation mobile networks, but also by acting on the front that will see the South Korean company engaged in the front row alongside the operators.
5G: Samung buys TeleWorld Solutions
In this perspective, theacquisition announced today: it's about TeleWorld Solutions (TWS), a company based in Chantilly, in the state of Virginia. The amount of the economic investment put on the plate to successfully complete the negotiation was not disclosed. We attach below in translated form the words of Paul Kyungwhoon Cheun, Executive Vice President and Head of Networks Business of Samsung Electronics, useful for understanding what the group's ambitions are.
The acquisition of TWS will allow us to meet the growing demands expressed by mobile operators to improve their 4G and 5G networks, as well as to possibly create new opportunities to evolve the services offered to our customers. Samsung will continue to drive innovation related to communications technologies, providing the optimization of services for the development of networks that accelerate the expansion of 5G in the United States.
TWS will operate as a subsidiary, continuing to provide its solutions and consultancy services to existing customers. The focus is as already said on 5G and on the territory of the United States, but also on networks 4G LTE that will remain active for a long time. The specialization of TeleWorld is to support operators and OEM companies in the design, test and optimization phases of the networks and equipment that connect to them.