May 28, 1996 in Social Responsibility News

SAMSUNG Electronics to Export Switching Systems to Latin America

SEOUL, Korea - Samsung Electronics Co. (SEC) announced today that it has signed an agreement to supply switching systems to Ecuador, putting the company in a competitive position in the Latin American market. This is Samsung's first export of telecommunications systems to Latin America, an area that has been dominated by American and Japanese companies.

The US$15 million contract was signed in Ecuador on May 27 with Empresa Estatal de Telecommunicationes (EMETEL), an integrated telecommunications service company run by the local government. The turn-key project includes thirty-one SDX-RB switching systems that can accommodate up to 21,000 lines. In addition to other essential hardware such as optical cable, micro wafers and transmission equipment, Samsung Electronics will be in charge of training local engineers, too.

The network will cover mainly rural areas of Ecuador. Deliveries are set to start in November 1996 and the system will be in full service by October 1997. Samsung Electronics officials believe that they are now in a favorable position to take part in the second phase of EMETEL's project. The planned second phase calls for building up another 21,000 lines in the rural areas of Ecuador.

Samsung officials also believe that this deal will serve as a springboard for the company's telecommunications systems sales in Latin America. Due to numerous large-scale modernization projects in the area, the size of Latin American telecommunications market is expected to grow from a mere US$600 million in 1994 to US$4.9 billion in 1997.

Samsung Electronics Company Ltd., a US$ 21 billion flagship company of US$ 83.8 billion Korean-based Samsung Group, is a world leader in the electronics sector, with operations in more than 60 countries. The company develops, manufactures, and markets audio and video products, household electronics goods, computers & peripheral products, display products, telecommunication & information sytstems, software tools & semiconductors.


Welcome to Samsung

Sign up & get 10% off

Sign up and get 10% off your first order of $100 or more! Shop Samsung.com to find the best tech at the best prices and recieve news on our latest technology and exclusive offers.*

*Exclusion apply. Order must be a minimumm of $100 or more. Offer valid only for new Samsung.com customers. Must sign up for emails by 11/12/16. Promo code must be used by 11/19.

Fast, easy checkout with Shop Samsung App
Easy sign-in, Samsung Pay, notifications, and more!
Or continue shopping on Samsung.com
×
The Shop Samsung app
Free standard shipping, exclusive offers and financing options.
GET
×
The Shop Samsung app
Free standard shipping, exclusive offers and financing options.
GET
×

You Are About To Be Redirected To Investor Relations Information for U.S.

Thank you for visiting Samsung U.S. Investor Relations. You will be redirected via a new browser window to the Samsung Global website for U.S. investor relations information.
CANCEL
CONTINUE
×

Redirect Notification

As of Nov. 1, 2017, the Samsung Electronics Co., Ltd. printer business and its related affiliates were transferred to HP Inc.

For more information, please visit HP's website. (http://www.hp.com/go/samsung)


Select CONTINUE to visit HP's website.

CANCEL
CONTINUE