On January 14, Samsung announced that it has completed the acquisition of TeleWorld Solutions (TWS), a US network service provider, and is expected to use this to promote the expansion of the nation's 5G network.
Samsung said that under the agreement, TWS will operate as a wholly-owned subsidiary of Samsung Electronics USA. With this acquisition, Samsung gains expertise in designing, testing, and optimizing services for mobile services, cable operators and OEM equipment manufacturers.
It is reported that after the completion of the acquisition, TWS will continue to provide services to existing customers, and the current leadership team will remain in office.
"Everyone at TeleWorld Solutions is excited to be part of the Samsung family," said Shervin Gerami, CEO of TeleWorld Solutions. "Working with Samsung will accelerate the pace of innovation for our Customers are helping to meet their needs for network strategy, deployment and automation. "
Previously, according to Korean media reports, Samsung's market share of communication equipment in 2019 increased from 5% in 2018 to 11%. From the perspective of 5G communication equipment alone, Samsung's market share reached 23% in the third quarter of 2019, surpassing Ericsson and Nokia, ranking second, behind Huawei's 30%.
According to reports, Samsung's growth in the market share of 5G equipment is mainly due to measures taken by the Trump administration on Huawei on security issues.
The past two years have successively announced the cancellation of Verizon with Huawei. Major US mobile communication companies such as AT & T and Sprint have all selected Samsung Electronics as their 5G equipment supplier.
After Huawei withdrew from the United States, Samsung Electronics competed with Huawei in the global 5G market. Samsung Electronics officials said they are confident of competing with Huawei.