07

Samsung Electronics & TeleWorld Solutions

For an undisclosed value , Samsung Electronics acquired TeleWorld Solutions in January 2020 to address its need to deliver end-to-end support in delivering network solutions . As part of the acquisition , TeleWorld Solutions operates as a wholly owned subsidiary of Samsung Electronics for its American locations . “ 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 ,” commented Paul Kyungwhoon Cheun , Executive Vice President and Head of Networks Business at Samsung Electronics .

90 DATE OF MERGER 13 / 01 / 2020

DECEMBER 2020