Samsung this morning announced that it has completed the acquisition of TeleWorld Solutions. The Virginia-based telecommunications company provides wireless networking and consulting services. It’s TWS’s 5G solutions that Samsung is clearly the most interested in as part of this deal.
The electronics giant says it plans to leverage TWS’s services to help U.S.-based networks build out the next generation wireless.
“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,” Samsung EVP Paul Kyungwhoon Cheun said in a release. “Samsung will continue to drive innovation in communications technology, while providing optimization services for network deployments that accelerate U.S. 5G network expansion.”
The deal will make TWS a wholly owned subsidiary of Samsung, allowing the brand to continue to offer its consulting services to existing clients. That last bit is important, so as to not leave companies in a lurch over the course of the next year, as 5G becomes an increasing focus beyond just smartphone connectivity.
Source of the article – TechCrunch