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Samsung acquires TeleWorld Solutions to help build 5G infrastructure


Samsung acquires TeleWorld Solutions to help build 5G infrastructure – TechCrunch

Samsung this morning announced that it has completed the acquisition of TeleWorld Solutions. The Virginia-based telecommunications company provides wireless networking and consulting services. It’s TWS’s 5G solutions that Samsung is clearly the most interested in as part of this deal.

The electronics giant says it plans to leverage TWS’s services to help U.S.-based networks build out the next generation of wireless.

“The acquisition of TWS will enable us to meet mobile carriers’ growing needs for improving their 4G and 5G networks, and eventually create new opportunities to enhance our service capabilities to our customers,” Samsung EVP Paul Kyungwhoon Cheun said in a release. “Samsung will continue to drive innovation in communications technology, while providing optimization services for network deployments that accelerate U.S. 5G network expansion.”

The deal will make TWS a wholly owned subsidiary of Samsung, allowing the brand to continue to offer its consulting services to existing clients. That last bit is important, so as to not leave companies in the lurch over the course of the next year, as 5G becomes an increasing focus beyond just smartphone connectivity.

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Every radical turn in technology history has its great entrepreneur, and for space that person is SpaceX founder Elon Musk. His unswerving conviction that u201cspace must be affordableu201d led him to disrupt the old-school space launch industry with reusable Falcon 9 boosters, an achievement that has inspired hundreds of entrepreneurs and investors to take up […]n”,”protected”:false,”author”:36697590,”featured_media”:1932023,”comment_status”:”open”,”ping_status”:”closed”,”sticky”:false,”template”:””,”format”:”standard”,”meta”:”outcome”:””,”status”:””,”crunchbase_tag”:0,”amp_status”:””,”relegenceEntities”:[],”relegenceSubjects”:[],”jetpack_publicize_message”:”Disrupting Space: A new event from TechCrunch https://tcrn.ch/3a5l7KD”,”categories”:[426985170,174,17396],”tags”:[],”crunchbase_tag”:[],”tc_stories_tax”:[],”tc_event”:[576727286],”jetpack_featured_media_url”:”https://techcrunch.com/wp-content/uploads/2020/01/TC-Sessions-Space-Post-Image.png”,”jetpack_publicize_connections”:[],”shortlink”:”https://tcrn.ch/3a5l7KD”,”rapidData”:”pt”:””,”pct”:””,”featured”:false,”subtitle”:””,”fundingRound”:false,”seoTitle”:””,”seoDescription”:””,”premiumContent”:false,”premiumCutoffPercent”:1,”tc_cb_mapping”:[],”associatedEvent”:”ad”:”display”:true,”title”:”Tickets are now available to discover the next frontier in space – get yours now and save $150″,”override_link”:””,”date”:1593043200,”link”:”https://techcrunch.com/events/tc-sessions-space-2020/”,”status”:”pre”,”title”:”TC Sessions: Space 2020″,”termID”:576727286,”event”:1931495,”authors”:[1551056],”hideFeaturedImage”:false,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts/1932016″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/types/post”],”replies”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/comments?post=1932016″],”version-history”:[“count”:8,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/1932016/revisions”],”predecessor-version”:[“id”:1932324,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/1932016/revisions/1932324″],”authors”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/guest-authors/ned-desmond”],”https://techcrunch.com/edit”:[“href”:”https://techcrunch.com/wp-admin/post.php?post=1932016&action=edit”],”author”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/36697590″],”wp:featuredmedia”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/media/1932023″],”wp:attachment”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media?parent=1932016″],”wp:term”:[“taxonomy”:”category”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/categories?post=1932016″,”taxonomy”:”post_tag”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tags?post=1932016″,”taxonomy”:”_tc_cb_tag_taxonomy”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=1932016″,”taxonomy”:”tc_stories_tax”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=1932016″,”taxonomy”:”tc_event”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_event?post=1932016″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”_embedded”:{“authors”:[“id”:1551056,”name”:”Ned Desmond”,”link”:”https://techcrunch.com/author/ned-desmond/”,”description”:”Ned Desmond is COO of TechCrunch. He was also responsible for Crunchbase from April 2012 until September 2015, when Crunchbase spun out of AOL/Verizon to become a standalone, venture-backed company. “,”slug”:”ned-desmond”,”links”:”facebook”:”http://www.facebook.com/ned.desmond”,”twitter”:”http://twitter.com/neddesmond”,”linkedin”:”http://www.linkedin.com/in/neddesmond”,”crunchbase”:”https://www.crunchbase.com/person/ned-desmond”,”position”:”Contributor”,”cbDescription”:”

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He was also responsible for CrunchBase from April 2012 until September 2015, when Crunchbase spun out of AOL/Verizon to become a standalone, venture-backed company, in partnership with Emergence Capital.nn

Previously he was the founder and president of GoSportn, an enthusiast media company, which launched GoFISHn.com and GoHUNTn.com.nn

Prior to GoSportn, Desmond was head of digital at Time Inc. for six years, founder of eCompany Now (later merged with Business 2.0), and held senior management roles at Disney and Infoseek. He launched Infoseek Japan with Joi Ito, which was acquired in 2000 by Rakuten.nn

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2020″,”slug”:”tc-sessions-space-2020″,”taxonomy”:”tc_event”,”rapidData”:”pt”:””,”pct”:””,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tc_event/576727286″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tc_event”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/tc_event”],”up”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_event/449559507″],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?tc_event=576727286″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_events?tc_event=576727286″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?tc_event=576727286″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true]]]}},{“id”:1932669,”date”:”2020-01-14T09:25:48″,”date_gmt”:”2020-01-14T17:25:48″,”guid”:”rendered”:”https://techcrunch.com/?p=1932669″,”modified”:”2020-01-14T10:24:11″,”modified_gmt”:”2020-01-14T18:24:11″,”slug”:”a-look-inside-visas-shareholder-presentation-for-the-5-3b-plaid-deal”,”status”:”publish”,”type”:”post”,”link”:”https://techcrunch.com/2020/01/14/a-look-inside-visas-shareholder-presentation-for-the-5-3b-plaid-deal/”,”title”:”rendered”:”A look inside Visa’s shareholder presentation for the $5.3B Plaid deal”,”content”:{“rendered”:”

Fresh off the news yesterday that Visa is buying fintech unicorn Plaid for $5.3 billion, the payments giant is making its case to its shareholders. Given the scale of the deal, and the implied bet that Visa is making on the future of its market, the company prepared a presentation, which means we get to peer into its thinking regarding Plaid itself and the fintech market as a whole.n

In a short deck, Visa argues that buying Plaid will: 1) provide it with deep access to an exploding market (fintech), 2) help it boost growth (at a small hit to profits) and 3) provide a means to expand Visa’s total addressable market by building on Plaid’s small customer base, allowing for future growth.n

Access to new markets, faster revenue expansion and larger total addressable market (TAM) are pretty good things for any business. Let’s see how Visa makes its case.n

Plaidn

In Visa’s view, the fintech world’s growth is “very high.” The credit card and payments company reports in its presentation to shareholders that fintech adoption (the percent of “internet enabled customers using at least 1 fintech app”) is growing at a 43% compound rate. Visa also highlights the amount of capital going into the space, namely $120 billion in the last five years.



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