SEOUL, South Korea--(BUSINESS WIRE)--Samsung Electronics Co., Ltd. (Samsung) today announced the completion of an agreement to acquire TeleWorld Solutions (TWS), a network services provider headquartered in Chantilly, VA. TWS provides network design, testing and optimization services to mobile service and cable operators, equipment OEMs and other companies across the U.S. With network builds associated with 5G and 4G LTE enhancements advancing in the U.S, the acquisition will address the need for end-to-end support in delivering network solutions.
TWS, a privately owned company, will operate as a wholly owned subsidiary of Samsung Electronics America, Inc. The service offerings and customers of TWS 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 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. Joining forces with Samsung will accelerate innovation to help our customers fulfill their needs for network strategy, deployment, and automation.”
Continued growth in mobile usage is driving the need for new spectrum and network densification. Additionally, demand is increasing for network infrastructure, design, deployment and optimization services. This is driven by 5G network builds, network virtualization initiatives, testing and optimization associated with new open RAN architectures—and demand for new enterprise cellular networks.
With a growing position in the U.S. networks industry, along with its 5G technology leadership, Samsung Networks has collaborated with major U.S. network operators to fulfill 5G’s network expansion. As its growth continues through network operator agreements and enterprises seeking their own cellular networks, the combination of Samsung and TWS will help customers address next-generation demands.
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. Samsung has 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. Samsung remains committed to investing in 5G advancement and network development across the U.S.
About Samsung Electronics Co., Ltd.
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions. For the latest news, please visit the Samsung Newsroom at http://news.samsung.com.
About TeleWorld Solutions, Inc.
TeleWorld Solutions, Inc. 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. TeleWorld Solutions fulfills the full lifecycle of network services across DAS, Macro, Small Cells, 5G, V2X, Satellite, Technology development, IoT, and Enterprise. TeleWorld Solutions has been recognized by Deloitte as a Fast 500 company due to its innovation to our services and continued customer satisfaction. For latest news, please visit TeleWorld Solutions at http://www.teleworldsolutions.com.