Samsung: No Sale of Wireless Unit
Samsung says that it is not selling its wireless networking unit.
Light Reading reported Monday that Samsung Corp. was examining strategic options for its Networks unit, which could include a sale. The South Korean conglomerate says that a sale is definitely not in the cards. (See Samsung to Sell Wireless Networking Unit?)
"Samsung Electronics has made significant investments in mobile telecommunications systems and devices," the company said in a statement. "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)."
Light Reading has reached out to Samsung to see if any other strategic options for the unit are on the table. We'll update when we get a response.
— Dan Jones, Mobile Editor, Light Reading