Samsung Acquires Network Services Provider TeleWorld Solutions to Accelerate U.S. 5G Network Expansion
Summary
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 TWS leadership team will continue to manage the business and, together with Samsung, address the network upgrade cycle occurring in the U.S. “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. “Samsung will continue to drive innovation in communications technology, while providing optimization services for network deployments that accelerate U.S. 5G network expansion.” “Everyone at TeleWorld Solutions is excited to be part of the Samsung family,” said Shervin Gerami, CEO of TeleWorld Solutions. “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. TeleWorld Solutions has been recognized by Deloitte as a Fast 500 company due to its innovation to our services and continued customer satisfaction.