Latest Samsung Networks news

Samsung’s profit jumps 72.8% in Q3 2024 despite chip struggles

Earlier today, Samsung announced its earnings for the third quarter of 2024. While the company's profits beat market expectations, its struggles in the memory chip market remain. The South Korean firm reported a consolidated revenue of KRW 79.1 trillion ($57.34 billion) and an operating profit of KRW 10.1 trillion ($7.3 billion). Samsung's net profit in […]

By Asif Iqbal Shaik
2 months ago

Samsung’s hardware will power South Korean Navy’s private 5G network

Samsung Networks, one of the world's biggest cellular network equipment providers, has announced that its hardware will power the South Korean Navy's private 5G network. KT and Samsung Networks will deploy a private 5G network as a part of the country's Smart Naval Project. Samsung Networks and KT will deploy a private 5G network for […]

By Asif Iqbal Shaik
2 months ago

Samsung could acquire Nokia’s mobile network business for $10 billion

According to a new report, Samsung might acquire Nokia's mobile network infrastructure business. It was recently reported that Nokia and Samsung are in talks about selling the former's mobile network business group to the latter. If this happens, Samsung will become a major player in the global network infrastructure business. With the acquisition of Nokia's […]

By Asif Iqbal Shaik
4 months ago

Samsung’s profit surged 15x in Q2 2024, thanks to the AI boom

Samsung has had a rough couple of years, but the company has emerged with full force to ride the AI boom. The company revealed that it expects its Q2 2024 operating profit to surge 15x, thanks to strong sales of semiconductor chips. These figures are better than market estimates. Samsung's Q2 2024 profit could be […]

By Asif Iqbal Shaik
6 months ago

Samsung could supply 5G networking gear to Indian network carrier Vi

Samsung Networks, the telecommunication networking division of Samsung Electronics, is among the world's biggest telecom equipment manufacturers. It has been revealed that Samsung Networks has been in talks with Indian network carrier Vi (Vodafone Idea) to supply 4G and 5G networking gear. Vi (Vodafone Idea) in talks with Samsung Networks for 4G and 5G vRAN […]

By Asif Iqbal Shaik
6 months ago

Samsung helps O2 Telefónica bring more reliable 4G and 5G networks to Germany

Samsung Networks and O2 Telefonica have announced the launch of the first commercial site in Germany that uses Open RAN and vRAN technologies. These companies have used these technologies to make O2 Telefonica's 4G and 5G networks more reliable. They have been testing these new technologies since October 2023. Samsung's Open RAN and vRAN technologies […]

By Asif Iqbal Shaik
8 months ago

Samsung profit jumps 933% to $4.8 billion in Q1 2024, beating estimates

Samsung has revealed its financial results for the first quarter of this year, a few weeks after revealing revenue estimates. The company revealed that its revenue rose 13% compared to Q1 2023, while its profit skyrocketed nearly 10x (933%) compared to the year earlier. Samsung's profit jumps nearly 10x in Q1 2024, thanks to strong […]

By Asif Iqbal Shaik
8 months ago

Samsung collaborates with Qualcomm to improve 5G speeds by 20%

Samsung has announced that it worked with Qualcomm to improve data transfer speeds on 5G cellular networks. The companies have used 3GPP Release 17's new 1024 QAM feature to improve 5G speeds by up to 20%, bringing faster download speeds on smartphones. Samsung and Qualcomm achieve fastest ever 5G download speeds with 20MHz bandwidth As […]

By Asif Iqbal Shaik
8 months ago

Samsung’s profit rises by 931% in Q1 2024 as chip sales recover

Samsung has been struggling over the past couple of years, especially due to its most important product: memory chips. However, things now seem to be improving financially, as the company has reported a huge rise in its profit. Earlier today, Samsung revealed its earnings guidance for Q1 2024. Samsung's profit rises 931% on the back […]

By Asif Iqbal Shaik
9 months ago

TELUS partners with Samsung for Canada’s first 5G network with vRAN, Open RAN

Samsung Networks has announced that Canadian network carrier TELUS has partnered with it to build Canada's first 5G network that uses Open RAN (O-RAN) and Virtualized RAN (vRAN) technologies. Samsung Networks is Samsung Electronics' telecommunication and networking arm, and it is among the biggest networking gear providers globally. Samsung Networks is offering vRAN and Open […]

By Asif Iqbal Shaik
10 months ago

Samsung starts testing Open RAN networking for Verizon

Samsung has announced that it has completed the conformance and interoperability of the Open RAN (O-RAN) technology for its LTE and 5G NR telecommunication equipment on Verizon's network. The two companies are embracing openness in networking hardware, thanks to the South Korean firm's vast experience in O-RAN and V-RAN technologies. Samsung tests O-RAN compatibility with […]

By Asif Iqbal Shaik
10 months ago

Samsung’s profit drops 34.4% in Q4 2023 due to slow semiconductor chip sales

After posting its earnings estimates for Q4 2023 a few weeks ago, Samsung has now published its final earnings for the fourth quarter of last year. While the company's condition has improved slightly compared to the earlier quarters, it is far from the glory days that it saw after the COVID-19 pandemic. Samsung's revenue and […]

By Asif Iqbal Shaik
11 months ago

Samsung expects its 2023 profit to drop by 85% compared to last year

Last year was extremely challenging for Samsung, as smartphone and semiconductor chip sales were quite low. Those are the two most important product categories for Samsung. However, the company and even analysts expect this new year to be much better as sales are recovering. Today, Samsung Electronics posted its earnings guidance for the fourth quarter […]

By Asif Iqbal Shaik
11 months ago

Samsung and O2 Telefónica to test 5G vRAN and Open RAN in Germany

Samsung Networks and O2 Telefónica have announced that they will jointly test new 5G network infrastructure technologies, like Open RAN and vRAN, in Germany. These technologies allow network operators to create a more flexible network infrastructure. In such setups, hardware and software are separated, and each component can be virtualized. Samsung Networks will help O2 […]

By Asif Iqbal Shaik
1 year ago

Samsung Electronics turns 54 years old, celebrates anniversary in South Korea

Samsung Electronics has turned 54 years old today. Yes, the company is that old. In 1969, Samsung Group (which started in 1938) established Samsung Electric Industries. In 1974, Samsung Group entered the semiconductor business by acquiring Korea Semiconductor, which was the country's first semiconductor chip company and was struggling. Soon, it joined hands with Korea […]

By Asif Iqbal Shaik
1 year ago

News For You