Samsung Telecommunication Business

Samsung Telecommunication Business

Type Business unit

Founded Seoul, South Korea (1977)

Headquarters Suwon, South Korea

Key people Geesung Choi, President

Industry Telecommunications

Products Mobile phones

Smart phones

Telecomunication Systems

MP3 Players

Laptop computers

Revenue 21 Billion USD (2007)

Net income $ 2.3 Billion USD (2007)

Parent Samsung Electronics

Website Samsung consumer

Samsung Telecommunications is one of five business units within Samsung Electronics, belonging to the Samsung Group, and consists of the Mobile Communications Division, Telecommunication Systems Division, Computer Division, MP3 Business Team, Mobile Solution Centre and Telecommunication R&D Centre. Telecommunication Business produces a full spectrum of products from mobiles and other mobile devices such as MP3 players and laptop computers to telecommunication network infrastructure. Headquarters is located in Suwon, South Korea.

In 2007 Samsung Telecommunication Business reported over 40% growth and became the second largest mobile device manufacturer in the world. Its market share was 14% in Q4 2007, growing up form 11.3% in Q4 2006. In Q1 2008 Samsung strengthened its second position on the market and achieved 15.6% world handset market share.