BOOKMARK
  • Korean|
  • Chinese|
  • Japanese|
  • Vietnamese
본문내용 바로가기

Aju Business Daily

SEARCH
  • ECONOMY
  • ENTERTAINMENT
  • IT
  • South Korea
  • North Korea
  • WORLD
  • SPORTS
  • LIFESTYLE
  • AUTO MOTIVE
  • OPINION
  • PEOPLE
  • MILITARY
Home > IT > article

Samsung acquires American network service company to expand 5G business in U.S.

Park Sae-jin Reporter(swatchsjp@ajunews.com) | Posted : January 14, 2020, 11:30 | Updated : January 14, 2020, 11:30
  • 트위터
  • 페이스북
  • 웨이보

[Courtesy of Samsung]

SEOUL -- Samsung Electronics has acquired TeleWorld Solutions, an American network service company, in an effort to accelerate the expansion of 5G equipment and network infrastructure in the United States following the expulsion of China's Huawei, a major player in the global market for 5G equipment.

TeleWorld Solutions (TWS), which provides network design, testing and optimization services, will operate as a wholly-owned subsidiary of Samsung Electronics America. Samsung said in a statement on Tuesday that TWS, based in Chantilly, would continue to serve its existing customers and clients with no change in its leadership. Financial terms were not disclosed.

"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," said Samsung's networks business head Cheun Kyung-whoon was quoted as saying.

The U.S. 5G infrastructure market is estimated to reach $47.7 billion with an annual average growth rate of 67.1 percent, according to global market research firm Markets and Markets. In the U.S. market, Samsung competes with Sweden's Ericsson, CISCO, Finland's Nokia Networks and Japan's NEC.

In May 2019, U.S. President Donald Trump issued an executive order barring American companies from engaging in businesses with anyone that is considered a national security threat. China's Huawei and its affiliates were put on America's trade blacklist that prohibits listed companies or people from buying parts and products from U.S. companies without approval.

Based on its experience in South Korea, which set up 5G mobile telecom networks in 2019, Samsung has emerged as a competitive player in the global 5G equipment and infrastructure market. The tech giant has set a goal of achieving a 20 percent share of the global 5G equipment market by the end of 2020.

As of May 2019, Australia, New Zealand, Japan and Taiwan have sided with the U.S. to ban and phase out Huawei equipment within their mobile networks. Other countries are still locked in discussions on whether they should accept Huawei's 5G equipment.

  • Park Sae-jin Reporter
  • email : swatchsjp@ajunews.com
© Aju Business Daily & www.ajunews.com Copyright: All materials on this site may not be reproduced, distributed, transmitted, displayed, published or broadcast without the authorization from the Aju News Corporation.
  • twitter
  • facebook
  • weibo
  • link copy
  • LIST
  • TOP

Related news

  • .Syringes for COVID-19 vaccines added to list of K-quarantine technologies.
    Syringes for COVID-19 vaccines added to list of 'K-quarantin…
  • .Samsung shipyard wins $707 mln order to build five LNG-powered container ships    .
    Samsung shipyard wins $707 mln order to build five LNG-power…
  • .Samsung shipyard wins $206 mln order from Oceanian client.
    Samsung shipyard wins $206 mln order from Oceanian client

Real Time Photo News

  • .BTS agency posts record earnings in 2020 on brisk online activities and album sales .

    BTS agency posts record earnings in 2020 on brisk online activities and album sales

  • .[FOCUS] BTS agency leagues with Universal Music to launch new K-pop band in US music scene.

    [FOCUS] BTS agency leagues with Universal Music to launch new K-pop band in US music scene

  • .CJ ENM aims to become major visual content producer thru partnership with Epic Games .

    CJ ENM aims to become major visual content producer thru partnership with Epic Games

  • .​Solo singer Sunmi to come back with new album Tail.

    ​Solo singer Sunmi to come back with new album 'Tail'

  • .Big Hits live-streaming joint venture gains reinforcements from Universal Music, YG.

    Big Hit's live-streaming joint venture gains reinforcements from Universal Music, YG

Latest News

more+

  • Prime Minister Chung stresses importance of 'borderless communication channel' to minimize informati…
  • State hospital succeeds in inserting wireless pacemakers into hearts of bradyarrhythmia patients
  • LG Electronics' joint venture with Canada's Magna awaits approval by shareholders in March
  • Sajo Seafood to launch raw tuna menu delivery service
  • Researchers find new roundworm species near Dokdo
Aju Business Daily
  • ABOUT US
  • CONTACT US
  • PRIVACY STATEMENT
  • Copyright Policy

Address : Aju News Corporation LEEMA Building, 11th floor, 42, Jong-ro 1-gil, Jongno-gu, Seoul.    Mail : swatchsjp@ajunews.com

Copyright ⓒ 2016 By Ajunews Corporation, All Rights Reserved.

Mobile view