Connect with us

Big Data

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

Published

on

By Joyce Lee

SEOUL (Reuters) -Samsung Electronics is banking on Europe to maintain growth momentum in its network equipment business, a senior executive said, as 5G rollout widens and industry leader Huawei Technologies of China focuses on its domestic market.

Although the South Korean tech company is global No. 1 in memory chips and smartphones, in 5G network equipment it ranks fifth behind Huawei, Ericsson, Nokia and ZTE based on the latest four quarters, with a 10-15% market share in the first quarter of 2021, according to market research firm Dell’Oro Group.

But as Samsung landed a $6.6 billion deal with U.S. telecoms company Verizon in September, followed by a deal with Japan’s NTT Docomo in March, “impressions have changed”, Woojune Kim, executive vice president of Samsung’s networks business, told Reuters in an interview on Friday.

Samsung is currently conducting 5G trials with European telecom companies such as Deutsche Telekom in the Czech Republic, Play Communications in Poland and another major European firm, Kim said.

Besides Europe, Samsung is also looking to expand in markets such as India, Australia and Southeast Asia, he added.

The network equipment business is small currently for Samsung, which had revenue of 236.8 trillion won ($212.50 billion) for 2020. It does not announce separate numbers for the business and most analysts don’t have estimates for it.

Samsung said since the 5G network rollouts began in 2019 in various countries, it has seen the number of new clients for its 5G equipments and systems rise by 35% a year on average.

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 virtualised RAN (radio access network) technology, or software that allows telecom companies to freely use off-the-shelf network equipment in various combinations to connect users to networks, saving costs and providing flexibility.

Verizon has adopted this technology for 5G RAN, while in South Korea, all operators’ 5G core networks are virtualised, Samsung said, with the country’s very heavy use of online services like e-commerce and food delivery compared to population size serving as a benchmark.

Samsung’s goal is to become top-three in the 5G network equipment business, Kim said. However, Kim did not give a timeframe, citing the industry’s long incubation time.

“It took us about a decade to win the Verizon deal, since forming early relationships… It takes persistence,” he said.

($1 = 1,114.3600 won)

(Reporting by Joyce Lee; Editing by Muralikumar Anantharaman, Kirsten Donovan)

Image Credit: Reuters

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://datafloq.com/read/samsung-bets-europe-5g-orders-grow-network-equipment-business/15264

Big Data

Image Classification using Convolutional Neural Network with Python

Published

on



Image Classification using CNN : Python Implementation – Analytics Vidhya





















Learn everything about Analytics


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.analyticsvidhya.com/blog/2021/06/image-classification-using-convolutional-neural-network-with-python/

Continue Reading

Big Data

Image Classification using Convolutional Neural Network with Python

Published

on



Image Classification using CNN : Python Implementation – Analytics Vidhya





















Learn everything about Analytics


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.analyticsvidhya.com/blog/2021/06/image-classification-using-convolutional-neural-network-with-python/

Continue Reading

Big Data

Artificial Neural Networks – Better Understanding !

Published

on



Artificial Neural Networks – Better Understanding ! – Analytics Vidhya






















Learn everything about Analytics


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.analyticsvidhya.com/blog/2021/06/artificial-neural-networks-better-understanding/

Continue Reading

Big Data

Artificial Neural Networks – Better Understanding !

Published

on



Artificial Neural Networks – Better Understanding ! – Analytics Vidhya






















Learn everything about Analytics


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.analyticsvidhya.com/blog/2021/06/artificial-neural-networks-better-understanding/

Continue Reading
Esports5 days ago

Genshin Impact Echoing Conch Locations Guide

Esports5 days ago

MLB The Show 21 Kitchen Sink 2 Pack: Base Round Revealed

Aviation4 days ago

The Story Of The Boeing 777 Family

zephyrnet4 days ago

7th Global Blockchain Congress by Agora Group & TDeFi on June 21st and 22nd, 2021, Dubai.

Big Data4 days ago

.NET DEVELOPMENT

Crowdfunding3 days ago

April/May 2021 Top Campaigns

Blockchain4 days ago

Woonkly will be the official Title Sponsor of the 7th edition Global Blockchain Congress organized by Agora Group in Dubai

Blockchain4 days ago

Death Cross is Appearing Over Bitcoin Price Chart

Crowdfunding4 days ago

US Fintech Broadridge Partners with Amazon Web Services to Expand Private Market Hub, Leveraging DLT

Big Data4 days ago

China arrests over 1,100 suspects in crackdown on crypto-related money laundering

Blockchain3 days ago

Crypto Fund Manager Says Bitcoin ETFs to be Approved By 2022

Gaming4 days ago

TrustDice Review: Features & Promotions

Esports4 days ago

Every new Passive Power in Legends of Runeterra Lab of Legends 2.9.0

Cleantech4 days ago

TC Energy Cancels Keystone XL Pipeline

Fintech3 days ago

PayPal launches PayPal Rewards Card in Australia

Energy2 days ago

Industrial robots market in the automotive industry | $ 3.97 billion growth expected during 2021-2025 | 17000+ Technavio Research Reports

Cyber Security2 days ago

Data Breach that Impacted Both Audi of America and Volkswagen of America

Energy2 days ago

Daiki Axis Co., Ltd. (4245, First Section, Tokyo Stock Exchange) Overview of Operating Performance for the First Three Months Ended March 31, 2021

Cleantech2 days ago

Tesla Model S 420 Plaid Is The Best Car In The World (But Not For Me)

Esports2 days ago

Lost Ark Founders Pack: Everything You Need to Know

Trending