Rumors that Samsung Electronics Will Sell Its Network Business Are Entirely Groundless

Some news media have contended that Samsung Electronics is considering to sell its network business, which manufactures mobile telecommunication systems. However, Samsung Electronics has no intention to pull out from its network business.

Samsung has strong business ties with major operators in US, Japan, Korea, countries that have a leading LTE(4G) market, and we also have business relations with major operators in South Asia and Europe. Samsung is recognized as an innovative player for developing and commercializing many of the world’s first technologies through 2G, 3G and 4G.

At the same time, Samsung Electronics has made significant investments in mobile telecommunications systems and devices. Overall, tens of billions of dollars in investments were made every year, which contributed to accelerating innovation in next generation telecommunication technologies (SDN/NFV, 5G).

Samsung will continuously commit to bring advanced telecommunication technologies to the world.