South Korean tech giant Samsung Electronics Co., Ltd., acquired TeleWorld Solutions, a Chantilly, VA-based network services provider.
The amount of the deal was not disclosed.
The combination of the two companies will help network operators accelerate and simplify rollouts of 5G networks across the U.S.
Following the deal, TWS will operate as a wholly owned subsidiary of Samsung Electronics America, Inc. Its service offerings and customers complement Samsung’s growth among networks infrastructure clients.
With competencies in radio frequency (RF) and network design service—as well as installation, testing, and optimization services, TWS will continue to serve its existing customers and clients they currently support with Samsung. The company’s leadership team will continue to manage the business and, together with Samsung, address the network upgrade cycle occurring in the U.S.
Led by Shervin Gerami, CEO, TeleWorld Solutions is a network services provider that delivers consulting, design, deployment, testing, optimization, automation, and software development services to mobile service and cable operators, equipment OEMs and other companies across the U.S. The company fulfills the full lifecycle of network services across DAS, Macro, Small Cells, 5G, V2X, Satellite, Technology development, IoT, and Enterprise.
For over 40 years, Samsung has had a strong presence in the U.S., investing more than $30 billion and currently employing over 20,000 workers across the country. With a growing position in the U.S. networks industry, along with its 5G technology leadership, Samsung has collaborated with major U.S. network operators to fulfill 5G’s network expansion. They have demonstrated the power of 5G with end-to-end solutions from semiconductor, mobile phone and network infrastructure through U.S. initiatives such as the 5G Innovation Zone at their Samsung Austin Semiconductor facility in Texas and a collaboration to create the nation’s first 5G-enabled stadium experience.
FinSMEs
13/01/2020