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The South Korean multinational entity Samsung Electronics is eyeing at Europe to retain growth pace in the network equipment business. Even though Samsung Electronics tops the chart in memory chips and smartphones, it stands behind Huawei, Ericsson, Nokia and ZTE in the 5G network equipment list. As per market research firm Dell’Oro Group, Samsung Electronics had nearly 10-15 per cent market share in the first quarter of 2021. Since Samsung landed Rs 48,000 crore deal with the US telecom entity Verizon and another deal with Japan’s NTT Docomo, the impressions have totally changed for the entity.
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Samsung is Conducting 5G Trials With European Telecom Companies
Since the 5G rollout is extending worldwide and telecom gear makers are focusing on their domestic market, Samsung is taking extra steps and expanding its range of 5G trials. Currently, Samsung is conducting 5G trials with European telecom companies such as Deutsche Telekom, Play Communications and other major European vendors.
However, Samsung is planning to take the leap and looking to expand in markets such as India, Australia and Southeast Asia. The South Korean giant has revealed that since the 5G networks rolled out in 2019, it has seen multiple new clients for its 5G equipment and systems rise by nearly 35 per cent a year on average. Samsung’s network equipment is currently a baby, which generated a revenue of SKW nearly Rs 15,47,400 crores for 2020.
