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    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
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Samsung gets 5G equipment contract from Japan's NTT Docomo

03/22/2021 | 08:01am EDT
FILE PHOTO: Employees walking in the main office building of Samsung Electronics in Seoul

STOCKHOLM (Reuters) - Samsung Electronics Co said on Monday it has won a contract from Japanese mobile operator NTT Docomo Inc to supply 5G network equipment, as the South Korean company positions itself as a challenger in the telecoms gear business.

The equipment would also include support for open interfaces, dubbed Open Radio Access Network (Open RAN), that aim to reduce reliance on any one vendor by making every part of a telecom network interoperable.

Samsung is trying to challenge the incumbents in the 5G mobile network equipment industry, dominated by China's Huawei, Sweden's Ericsson and Finland's Nokia.

With geopolitical pressures hampering Huawei's growth outside China, the European companies were able to gain market share.

However, Samsung gained prominence by winning https://www.reuters.com/article/us-samsung-elec-verizon-idUSKBN25Y00Z a $6.6 billion 5G contract from Verizon in the United States, replacing Nokia.

It got a contract from Canada's SaskTel earlier this month and is also in talks https://www.reuters.com/article/samsung-europe-5g-idCNL1N2IP396 with European telecom operators to gain a foothold on the continent.

Nokia is also a 5G equipment supplier to NTT, which had earlier used equipment developed by NEC and Samsung.

"This announcement cements Samsung's position as a major 5G RAN supplier," said Stefan Pongratz, Vice President at research firm Dell'Oro.

(Reporting by Supantha Mukherjee, European Technology & Telecoms Correspondent, based in Stockholm and Joyce Lee in Seoul; Editing by Emelia Sithole-Matarise)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ERICSSON 2.15% 100.86 Delayed Quote.3.30%
NOKIA OYJ 0.08% 4.805 Delayed Quote.52.49%
SAMSUNG ELECTRONICS CO., LTD. -0.13% 77300 End-of-day quote.-4.57%
VERIZON COMMUNICATIONS -0.09% 54.37 Delayed Quote.-7.37%
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Analyst Recommendations on SAMSUNG ELECTRONICS CO., LTD.
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Financials
Sales 2021 274 782 B 233 B 233 B
Net income 2021 39 233 B 33,3 B 33,3 B
Net cash 2021 110 519 B 93,7 B 93,7 B
P/E ratio 2021 12,8x
Yield 2021 1,87%
Capitalization 520 465 B 441 B 441 B
EV / Sales 2021 1,49x
EV / Sales 2022 1,28x
Nbr of Employees -
Free-Float 82,7%
Chart SAMSUNG ELECTRONICS CO., LTD.
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Samsung Electronics Co., Ltd. Technical Analysis Chart | A005930 | KR7005930003 | MarketScreener
Technical analysis trends SAMSUNG ELECTRONICS CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 40
Last Close Price 77 300,00 KRW
Average target price 102 150,00 KRW
Spread / Average Target 32,1%
EPS Revisions
Managers and Directors
Hyun-Suk Kim Co-President, Co-CEO & Director
Dongjin Koh Co-President, Co-CEO & Director
Kinam Kim President, Co-CEO & Director
Tae Moon Roh Co-President & Head-Research & Development
Hee-Chan Roh Chief Financial Officer
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