Samsung Electronics bets on 5G to jump-start networks business

Trailing its rivals after misplaced bets on wireless technology standards, Samsung Electronics Co Ltd aims to become a global top-three player in 5G mobile networks by moving quickly in markets like the United States, an executive said.

The world's top smartphone maker ranks well behind peers such as Nokia Corp, Huawei Technologies Co Ltd [HWT.UL] and Ericsson in the networks business, after backing CDMA and WiMax wireless technologies that never caught on globally.

The South Korean giant now sees an opportunity to catch up by moving fast and early on 5G, the wireless technology that telecom equipment makers are rushing to develop as the next-generation standard.

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