Samsung played down plans it is looking to sell its mobile network business, stating that it has “no intention” of exiting this segment.
Samsung’s presence in the market for mobile telecoms systems is small when compared to rivals such as Ericsson, Huawei and Nokia. And with the company’s core mobile phone unit pressured, and reports of job and bonus cuts, its commitment to other activities is unsurprisingly being questioned.
As far as the company’s most recent results were concerned, Networks merited one sentence, noting that “profit improved quarter-on-quarter due to overseas carriers’ LTE network expansion”.
“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,” it said in a statement refuting the rumours.
Indeed, in its clearance of the Alcatel-Lucent/Nokia deal, the European Commission noted the presence of Samsung (alongside ZTE), adding that the small market share “does not fully reflect the competitive importance of their offerings”.
And Samsung is also pushing ahead with its 5G technology, this week inking a deal with Japanese operator KDDI.
“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),” its statement added.