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Last updated: June 21st, 2016 at 14:41 UTC+02:00
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Samsung's networks business ranks behind the likes of Nokia, Huawei, and Ericsson as it backed technologies like CDMA and WiMax that never really took off. It sees an opportunity to make up lost ground by moving fast with 5G which is undoubtedly the next-generation standard for telecom operators as it will offer speeds ten times faster than 4G. Kim Young-ky, Samsung's network business chief, told Reuters that “We plan to move quickly and want to be at least among the top three with 5G.” Samsung expects to have more than 10 trillion won ($8.6 billion) in annual sales of 5G communications equipment by 2022, that's going to be a big improvement for the company that only generated 3 trillion won in revenue from its networks business last year.
Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.
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