Samsung Electronics announced the completion of a deal to acquire TeleWorld Solutions (TWS), a network services provider in the United States, as part of its plans to boost 5G network business revenue.
TWS, based in Chantilly, VA, provides network design, testing and optimization services to mobile service and cable operators, equipment OEMs and other companies across the U.S. The acquisition of TWS will address the need for end-to-end support in delivering network solutions. The service offerings and customers of TWS complement Samsung’s growth among networks infrastructure clients.
TWS has competencies in radio frequency (RF) and network design service – as well as installation, testing, optimization services. The TWS leadership team will continue to manage the business and, together with Samsung, will address the network upgrade cycle occurring in the U.S.
“The acquisition of TWS will enable us to meet mobile carriers’ needs for improving their 4G and 5G networks, and eventually create new opportunities to enhance our service capabilities to our customers,” said Paul Kyungwhoon Cheun, head of Networks Business at Samsung Electronics.
Samsung has invested more than $30 billion in the United States and is currently employing over 20,000 workers across the country.
Samsung has demonstrated the power of 5G with end-to-end solution from semiconductor, mobile phone to network infrastructure through U.S. initiatives such as the 5G Innovation Zone at its Samsung Austin Semiconductor facility in Texas and a collaboration to create the nation’s first 5G-enabled stadium experience.
The development assumes significance because Huawei, the leader in telecom network market, does not have any single contract with US-based telecom operators such as AT&T, Verizon, Sprint and T-Mobile US.
