NEC and Samsung Announce 5G Partnership Agreement
Established partnership for joint capabilities to explore new business opportunities in the global market
TOKYO, Japan & SEOUL, Korea – October 24, 2018 - NEC Corporation and Samsung Electronics Co., Ltd., today announced a partnership of joint effort to strengthen their next generation business portfolio including 5G.
The partnership brings together the best-in-class technology and expertise in 5G, merging NEC and Samsung's leadership in 5G and IT solutions. It also provides mobile carriers with flexible 5G solutions that are localized for each region with customized services to meet mobile carriers' demands efficiently.
Since 5G will enable unprecedented services and business models, it is inevitable for mobile carriers to demand customized solutions and flexible network architecture. Through this partnership, both companies will satisfy these growing demands effectively by joining the best forces and capabilities from each company.
"5G development based on standardization will help to accelerate business transformation throughout global markets." said Atsuo Kawamura, Executive Vice President and President of the Network Services Business Unit at NEC Corporation. "As 5G commercialization is just around the corner, we are confident that the partnership with Samsung will continue to solidify our stance as a 5G leader."
"5G will unlock the potentials, create new values and push the limits of today's technology," said Youngky Kim, President and Head of Networks Business at Samsung Electronics. "We are excited to announce our joint efforts with NEC to boost 5G end-to-end solution portfolio for the best user experience."
Samsung has successfully commercialized 5G services across the US and also has been selected by one of the major Korean operators as its 5G vendor. Combined with NEC's expertise in the IT solution businesses, where it leverages its telecommunication technology, including 5G, both companies will explore new business opportunities in the global market.
About NEC Corporation
NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. The NEC Group globally provides "Solutions for Society" that promote the security, safety, efficiency and fairness of society. Under the company's corporate message of "Orchestrating a brighter world," NEC aims to help solve a wide range of challenging issues and to create new social value for the changing world of tomorrow. For more information, visit NEC at https://www.nec.com.
About Samsung Electronics Co., Ltd.
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions. For the latest news, please visit the Samsung Newsroom at http://news.samsung.com/.
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