Samsung Electronics has completed an agreement to acquire network services provider TeleWorld Solutions (TWS). Headquartered in Chantilly, Virginia, TWS provides network design, testing and optimization services to mobile service and cable operators, equipment OEMs and other companies in the United States. This acquisition is expected to help Samsung address the need for end-to-end support in delivering network solutions aimed at upgrading the 5G and 4G LTE networks, and providing connectivity service advancements in the US.
Paul Kyungwhoon Cheun, Executive Vice President and Head of Networks Business at Samsung Electronics, said, “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. Samsung will continue to drive innovation in communications technology, while providing optimization services for network deployments that accelerate US 5G network expansion.”
Under the agreement, TWS, a privately owned company, will operate as a wholly-owned subsidiary of Samsung Electronics America. With a particular focus on radio frequency (RF) and network design, installation, testing and optimization services, TWS will continue to serve its existing customers and those currently supported by Samsung. The company said that the TWS management team will continue to run the business.
Shervin Gerami, CEO of TeleWorld Solutions, said that his company will help boost Samsung’s 5G innovation and scalability in the US. “Everyone at TeleWorld Solutions is excited to be part of the Samsung family. The advent of 5G and the amount of new spectrum coming into the US market requires scale and innovation for the next generation of wireless technologies. Joining forces with Samsung will accelerate innovation to help our customers fulfill their needs for network strategy, deployment, and automation,” said Mr. Gerami.
According to the statement, the need for new spectrum and network densification is increasing so as to meet the continuing growth in mobile usage. Moreover, the development is driven by 5G network builds, network virtualization initiatives, testing and optimization related to new OpenRAN architectures, as well as the demand for new enterprise cellular networks. In its quest to fulfill the increase in 5G services, Samsung Networks is already collaborating with major US network operators and is steadily growing its market share within the US network industry.
The South Korea-based telecom and smartphone giant is not new to providing services in the United States, and has been active in that country for over 40 years. The company has already invested more than USD 30 billion and currently employs more than 20,000 workers across the USA.