Samsung bets on 5G to jumpstart networks business


A man speaks on his mobile phone near a Samsung store in central Kiev, Ukraine, May 11, 2016. REUTERS/Valentyn Ogirenko/Files

SUWON, South Korea: Trailing its rivals after misplaced bets on wireless technology standards, Samsung Electronics Co Ltd aims to become a global top-three player in 5G mobile networks by moving quickly in markets like the United States, an executive said. 

The world's top smartphone maker ranks well behind peers such as Nokia Corp, Huawei Technologies Co Ltd and Ericsson in the networks business, after backing CDMA and WiMax wireless technologies that never caught on globally. 

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