The South Korean mobile maker Samsung has announced that it has signed an agreement to acquire TeleWorld Solutions (TWS), a Virginia-based network services provider. The company did not disclose the amount of the deal.
Following the acquisition, TeleWorld Solutions will function as a wholly-owned subsidiary under Samsung Electronics America. The coming together of these two companies will benefit the network operator as they look to accelerate and roll out 5G networks across the U.S.
Shervin Gerami, CEO of TeleWorld Solutions stated: “Everyone at TeleWorld Solutions is excited to be part of the Samsung family.”
TeleWorld Solutions provides services including network design, testing, and optimization to mobile service and cable operators, equipment OEMs and other companies across the country. The acquisition will definitely help address the need for end-to-end support in delivering network solutions.
“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.
He further said that Samsung will continue to drive innovation in communications technology space and help accelerate 5G network expansion in the U.S.