Samsung to upgrade Canada telecom

Samsung Electronics Co. said on Sunday it has won a deal to supply fourth-generation (4G) and fifth-generation (5G) network equipment to Videotron, a Canadian telecom firm.

Starting in early 2020, Samsung will deliver 4G LTE-A solutions across Quebec and Ottawa," the company said in a statement.

 "Samsung will increase efficiency in accelerating the expansion of 5G service coverage to match the pace with Canada's 5G commercial launch, which is expected to take place in late 2020," it added.

It marks the first time for Samsung Electronics to supply telecom equipment to Canada, Yonhap news agency reported.

Samsung Electronics accounted for 11 per cent of the global market for telecom equipment in the third quarter, rising sharply from 5 per cent posted at end-2018, according to the data compiled by industry tracker IHS Markit.

The company is anticipated to post sales of 6.2 trillion won (or $5.29 billion) from the segment this year, marking a whopping 50 per cent growth from 4.2 trillion won recorded in 2018, market watchers said.