March 31, 1998 in Social Responsibility News

SAMSUNG Electronics Exports Telecom Hardware to Syria

Samsung's first business in Syria was in 1996, when the company exported US$30 million worth of electronic switching systems and private base exchanges. That contract combined with this latest transaction have made Samsung the largest single supplier of basic communications networks to that Middle Eastern country.

All the hardware to be sold will be assembled in a local joint venture plant. The systems being sold in the project will have a capacity of 300,000 subscriber lines, 100% of the estimated requirement for the nation's rural communities this year.

The optical transmission equipment, Synchronous Digital Hierarchy (SDH) for the project will be capable of connecting 30,720 lines at the same time. This equipment is vital for building a basic telecommunications network.

Basic telecommunications infrastructure has been selected as one of Samsung's strategic business areas, and the company has focused on expanding overseas markets for this product category. Thus, Samsung established a US$5 million joint venture to produce switching systems with the Syrian Telecommunications Ministry (which holds a 51% share) on November 1997.

Samsung Electronics Co., Ltd., a US $13 billion flagship company of Korean-based the Samsung Group, is a world leader in electronics, with operations in more than 60 countries.

CONTACT:
Jenny Chung
Corporate Communications
Samsung Electronics Co., Ltd.
Tel. (82-2-727-7692,7838/7823)
Email: jhnee@samsung.co.krnull


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