Samsung will acquire US network service provider to expand 5G infrastructure

Added on Jan-15-2020 Last Update Jan-15-2020 Views 922

Today (14-January), Samsung Electronics Co. says it will acquire US network service provider TeleWorld Solutions (TWS) Inc. to expand 5G infrastructure and solutions. TeleWorld Solutions is a network service provider in Chantilly, and it will operate as a wholly-owned subsidiary of Samsung Electronics America (according to the South Korean tech giant). 

Samsung says that the acquisition will allow it to provide end-to-end solutions, from semiconductors and mobile phones to network infrastructure, amid rising demand for 5G infrastructure and 4G LTE enhancement in the US. According to the Paul Kyungwhoon Cheun, Executive Vice President and chief of Networks Business at Samsung, “The acquisition of TWS will enable us to meet mobile carriers growing needs for improving their 4G and 5G networks, and eventually create new opportunities to enhance our service capabilities to our customers.” On the other hand, the TeleWorld Solutions CEO Shervin Gerami said that “Everyone at TeleWorld Solutions is excited to be part of the Samsung family, Joining forces with Samsung will accelerate innovation to help our customers fulfill their needs for network strategy, deployment, and automation.”

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