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Samsung’s 5G Innovation To ‘Accelerate’ With Acquisition Of TeleWorld Solutions

'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,” says Samsung Executive Vice President Paul Kyungwhoon Cheun.

Samsung has entered into an agreement to acquire network services provider TeleWorld Solutions in a move to boost its 5G, 4G LTE and networking innovation engine in the U.S. market.

“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, in a statement. “Samsung will continue to drive innovation in communications technology, while providing optimization services for network deployments that accelerate U.S. 5G network expansion.”

Financial terms of the deal were not disclosed.

[Related: CES 2020: Top Telecom Carriers Talk 5G, New Devices And IoT]

Samsung plans to leverage Chantilly, Va.-based TeleWorld Solutions’ (TWS) capabilities in network design, testing and optimization services to mobile service and cable operators across the U.S. to address the need for end-to-end support in delivering network offerings.

Founded in 2009, privately held TWS specializes in radio frequency, software development, automation, network design as well as installation, testing and optimization services. TWS, which was recognized by Deloitte as a Fast 500 company, also provides full life-cycle network services across 5G, Internet of Things and small cells, to name a few.

TWS CEO Shervin Gerami said his company will help boost Samsung’s 5G innovation and scalability in America.

“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,” said Gerami in a statement. “Joining forces with Samsung will accelerate innovation to help our customers fulfill their needs for network strategy, deployment, and automation.”

TWS will operate as a subsidiary of Samsung Electronics America. Samsung did not disclose when it plans to officially complete the acquisition.

Samsung says it is a leader in 5G technology and is growing market share in the U.S. network industry. The combination of Samsung and TWS will help customers address “next-generation” 5G networking demands as well as new needs around network densification.

Samsung has demonstrated the power of 5G with end-to-end offerings from semiconductor, mobile phone and 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 South Korea-based telecom and smartphone giant has more than 20,000 employees in the U.S. and has invested over $30 billion in the U.S. in the past several decades.

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