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