Samsung Electronics has 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 US. With network builds associated with 5G and 4G LTE enhancements advancing in the US, the acquisition will address the need for end-to-end support in delivering network solutions.
TWS will operate as a wholly owned subsidiary of Samsung Electronics America. 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, 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, will address the network upgrade cycle occurring in the US.
“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, Samsung Electronics.
“Samsung will continue to drive innovation in communications technology while providing optimization services for network deployments that accelerate US 5G network expansion,” added Cheun.
Shervin Gerami, CEO, TeleWorld Solutions said, “The advent of 5G and the amount of new spectrum coming into the US 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.”