Expanding 5G Communications Market-Samsung Acquires TWS

Samsung Electronics has officially announced that it has completed the acquisition of 100% of the equity of the US network service provider TeleWorld Solutions (TWS), which will strengthen the construction of 5G technology and expand the mobile communications business in the United States.

According to reports, Samsung Electronics will operate TWS as a wholly-owned subsidiary of Samsung Electronics America. Samsung will gain expertise in designing, testing, and optimizing services for mobile services, cable operators, and OEM equipment manufacturers.

Samsung Electronics said: “This acquisition enables us to improve our operators’ 4G and 5G networks to meet their growing demand and ultimately create new opportunities to enhance our ability to serve our customers. Samsung will continue to promote communications Innovations in technology, while providing optimization services for network deployment, to accelerate 5G network expansion in the United States. “