TELECOMS

Samsung Electronics acquired US-based network services provider TeleWorld Solutions (TWS) for an undisclosed sum, as part of a bid by the South Korea-based vendor to strengthen its services portfolio and bolster its growing networks business. The company stated TWS will bring competency in RF, along with expertise in network design, installation, testing and optimisation services for cable and mobile operators. The business will operate as a wholly-owned subsidiary, with its current leadership team continuing to helm. EVP and head of Samsung Electronics’ Networks business, Paul Kyungwhoon Cheun said the deal...