Samsung Electronics made an announcement on the 14th that it has decided to buy TeleWorld Solutions. It is a company that specializes in designing and optimizing U.S. telecommunication networks.
Samsung Electronics is planning to expand its 5G network business further in North America and other markets.
“Samsung TeleWord Solutions acquisition came as the realization of its plan to expand its market share in North American mobile telecommunication markets. Including the U.S., which is the largest in the world. While stepping up its efforts to tap into global mobile telecommunication markets through strategic investments”. Samsung Electronics said in an announcement of its acquisition deal with Teleworld Solutions on the same day.
Founded in 2002, Teleworld Solutions is a company that provides services to large U.S. mobile network operators and cable broadcasters in areas. Including network design, optimization, and field testing.
Then Samsung Electronics said, “TeleWorld Solutions has developed its own technologies to select the optimal location of base stations and extract sources of interference in radio signals.” Even after the acquisition made, Samsung plans to have TeleWorld Solutions manage its business now.
Samsung acquisition of TeleWord Solutions: spite of Huawei?
The acquisition is a move to increase its share in the telecommunications equipment market led by North America. The global 5G market expected to expand in earnest this year. In particular, the market is drawing more attention as China’s Huawei, the “main character” of the U.S.-China trade war, tops the list.
According to a market research company called IHS Markit, Samsung Electronics had 23% of the global 5G telecommunication equipment market as of the third quarter of last year. Trailing Huawei (30%) which ranks first by 7 percentage points. Ericsson of Sweden (20 percent) and Nokia of Finland (14 percent).
“Samsung Electronics is supplying telecommunication equipment to mobile carriers such as Verizon, AT&T, Sprint and others in recognition of its technology and business capabilities in the U.S., which is a leading mobile telecommunication market.” Vice President Chung Kyung-hoon of Samsung Electronics’ network business department.