Samsung consolidates 5G development and acquires US network service provider TWS

Samsung Electronics announced on its official website on the 13th local time that it will acquire US network service provider TeleWorld Solutions (TWS) to better provide 5G infrastructure and solutions. 

Samsung said that according to the agreement reached by both parties, after the acquisition is completed, TWS will operate as a wholly-owned subsidiary of Samsung Electronics America, and TWS's existing management will continue to control daily operations. Samsung has not disclosed the value of the acquisition transaction.

TWS, which was acquired this time, is headquartered in Chantilly, Virginia, USA, and specializes in providing network design, testing and optimization services to mobile service providers and cable TV operators.

Samsung said the acquisition will enable the company to provide end-to-end solutions from semiconductors, mobile phones to network infrastructure businesses as demand for 5G infrastructure grows and 4G LTE networks are strengthened in the United States. Samsung Electronics currently provides 4G and 5G communication equipment to US operators such as Verizon, AT&T and Sprint.

“The acquisition of TWS will enable us to meet growing demand from mobile operators to improve their 4G and 5G networks and create opportunities to strengthen our capabilities to serve our customers,” Paul Kyungwhoon Cheun, executive vice president and head of Samsung’s networks business, said in a statement.

TWS CEO Shervin Gerami said that he was pleased to be part of the Samsung family. Joining forces with Samsung will accelerate our innovation and help customers meet their needs for network strategy, deployment and automation.