• Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
placeholder-661-1.png
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
placeholder-661-1.png

Samsung bets on Europe 5G orders to grow network equipment business

Samsung Electronics is banking on Europe to maintain growth momentum in its network equipment business. This is stated by a senior executive, as 5G rollout widens and industry leader Huawei Technologies of China focuses on its domestic market.

Samsung is the global number one South Korean company to produce chips and smartphones. In 5G network equipment it ranks fifth behind Huawei, Ericsson, Nokia and ZTE. This is according to market research firm Dell’Oro Group. With a U.S. telecom company Verizon, Samsung has landed a $6.6 billion deal. And then with Japan’s NTT Docomo. Woojune Kim, executive vice president of Samsung’s networks business said that currently, Samsung is conducting 5G trials with European telecom companies such as Deutsche Telekom in the Czech Republic, Play Communications in Poland and another major European firm.

YOU MAY ALSO LIKE

Brazil’s C&M Software Resumes Operations After Cyberattack With Central Bank Approval

Besi Raises Long-Term Financial Outlook Amid Rising Demand for Hybrid Bonding Chip Tools

In India, Australia and Southeast Asia also Samsung is planning to expand its markets. The network equipment business is small currently for Samsung, which had revenue of 236.8 trillion won ($212.50 billion) for 2020. Samsung said that the systems rise by 35% a year on average. This is after the 5G network rollouts began in 2019 in various countries. Because this has seen many numbers of new clients for its 5G equipment. In addition to 5G rollouts, U.S. pressure on its allies to exclude Huawei from 5G systems has provided opportunities for its competitors to expand market share.

Samsung is touting its virtualized RAN (radio access network) technology. This software allows telecom companies to freely use off-the-shelf network equipment in various combinations. And this can connect users to networks, saving costs and providing flexibility. Verizon has adopted this technology for 5G RAN. Samsung stated that in South Korea all operator’s 5G core networks are virtualized. This is because of the country’s very heavy use of online services like e-commerce and food delivery. And then the population size also serves as a benchmark. Kim without giving any time frame, however said that Samsung’s goal is to become top-three in the 5G network equipment business. It takes persistence, he stated.

Tags: 5GEuropeSamsungTechnology

Search

No Result
View All Result

Recent News

Brazil’s C&M Software Resumes Operations After Cyberattack With Central Bank Approval

Brazil’s C&M Software Resumes Operations After Cyberattack With Central Bank Approval

Global Initiative Aims to Ease Sovereign Debt Strain Amid Crises

Global Initiative Aims to Ease Sovereign Debt Strain Amid Crises

Rand Strengthens Amid Inflation Target Optimism and Bond Rally in South Africa

Rand Strengthens Amid Inflation Target Optimism and Bond Rally in South Africa

Wall Street Banks Advance After Fed Stress Test Clears the Path for Capital Returns

Wall Street Banks Advance After Fed Stress Test Clears the Path for Capital Returns

Traditional Banking Meets Digital Assets: BBVA’s Bold Foray into Cryptocurrency Advisory

Traditional Banking Meets Digital Assets: BBVA’s Bold Foray into Cryptocurrency Advisory

Ireland Moves to Conclude AIB Stake Sale, Marking Final Chapter in Banking Bailout Era

Ireland Moves to Conclude AIB Stake Sale, Marking Final Chapter in Banking Bailout Era

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

Brazil’s C&M Software Resumes Operations After Cyberattack With Central Bank Approval

Global Initiative Aims to Ease Sovereign Debt Strain Amid Crises

Rand Strengthens Amid Inflation Target Optimism and Bond Rally in South Africa

Wall Street Banks Advance After Fed Stress Test Clears the Path for Capital Returns

Traditional Banking Meets Digital Assets: BBVA’s Bold Foray into Cryptocurrency Advisory

Categories

  • Banking
  • Business
  • Events
  • Finance
  • Blogs
  • Fintech
  • Forex
  • Insurance
  • Technology
  • Videos

Social Media

COPYRIGHT © 2020-2025 GLOBAL BUSINESS REVIEW MAGAZINE LLC - ALL RIGHTS RESERVED

  • About Us
  • Contact Us
  • Advertise With Us
  • Leadership report
  • Privacy Policy
  • Disclaimer
  • Terms & Conditions
No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

Copyright © 2025 Global Business Review Magazine - All Rights Reserved.