January 18, 2021

Samsung buys the Spanish company Zhilabs to enhance its 5G services

Samsung buys the Spanish company Zhilabs to enhance its 5G services



South Korean giant Samsung Electronics today announced the acquisition, for an unspecified amount, of the Spanish software company Zhilabs in order to enrich the 5G services it will offer in the future.

The South Korean company estimates that the purchase of Zhilabs will improve its automation capabilities through artificial intelligence (AI) and network analysis, as detailed in a statement.

These elements are key to the services provided by the fifth generation network for mobile devices, such as the so-called Internet of Things (IoT) or semiautomatic or semiautomatic driving of vehicles.

"The acquisition of Zhilabs will help Samsung address these needs to ensure that each subscriber receives the best possible service," said Youngky Kim, director of the network branch of Samsung Electronics.

Samsung has not made public the amount agreed for the purchase of Zhilabs and the spokesman consulted by Efe indicated only that the operation would be framed in the package announced in August for investments worth 25 trillion won (19,225 million euros / 22,230 million of dollars) during the next three years in areas such as IA or biopharmaceutical.

Zhilabs remains under full ownership under the signed agreement, but "will operate independently under its own management team," the statement said.

The Spanish company currently has offices in Barcelona, ​​Madrid, London, Texas and New Jersey, and has among its clients telecommunications giants such as Telefónica, Vodafone, the US HP Enterprise, the Japanese NTT East, or the developer of mobile video games Digital Legends.

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