Samsung has announced an agreement to acquire TeleWorld Solutions (TWS), a network services provider. TWS, which was founded in 2009 by Bary Azmi, offers network design, testing and optimization services to mobile service and cable operators, equipment OEMs and other companies across the U.S., and this acquisition will fulfil Samsung’s need for end-to-end support in delivering 5G network solutions.
And this news comes just weeks after Samsung announced that it sold 6.7 million 5G phones in 2019, split between the Galaxy S10 5G and the Galaxy Note 10 Plus 5G. This figure was significantly higher than expected, and continues the positive momentum in the world of 5G.
Meeting growing needs
“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 Paul Kyungwhoon Cheun, Executive Vice President and Head of Networks Business at Samsung Electronics.
“Samsung will continue to drive innovation in communications technology, while providing optimization services for network deployments that accelerate U.S. 5G network expansion.”
As demand increases for network infrastructure, design, deployment and optimization services, Samsung’s acquisition of TWS will help to fulfil a gap in the 5G market. 5G growth will continue throughout 2020, and the combination of Samsung and TWS will help customers meet next-generation demands.
“Everyone at TeleWorld Solutions is excited to be part of the Samsung family,” said Shervin Gerami, CEO of TeleWorld Solutions. “The advent of 5G and the amount of new spectrum coming into the U.S. 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.”
Samsung is making 5G advancement a top priority with the TWS acquisition. It should help the company to not only simplify the roll-out of 5G, but also speed up the process with end-to-end solutions.