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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 155.44

-2.5%

1:04 PM EST

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To: Craig Schilling who started this subject	9/21/2000 8:56:30 AM
From: maxgo	of 152472

Seoul to increase foreign ownership ceiling for KT Mmmmm, who would like to invest in KT ?? koreaherald.co.kr 09/22/2000 Home \|\| Text Only \|\| Search Archives Seoul to increase foreign ownership ceiling for KT The 33 percent ceiling on foreign ownership in Korea Telecom (KT) is to be raised to 49 percent. The Ministry of Information and Communication (MIC) yesterday announced the planned revisions to the Telecommunications Business Act which will also allow for number portability, sharing of subscriber lines and caller ID services. The revisions will under go a number of reviews before being presented to the regular session of the National Parliament in early October. The revised act is expected to go into effect in the first half of next year, according to the ministry. The limit on foreign ownership is being eased to facilitate the complete privatization of the state-owned telecom company, expected by the first half of 2002. The revised act, at the same time, seeks to ensure that even when completely privatized, the company guarantees a minimum level of public service. Other items included in the revised act seek to ensure greater competition among telecom companies. Number portability which would allow users to change their service provider without changing their phone number is one such measure. Consumers will also be allowed to select the telecom service provider prior to getting the service. Telecom operators will also be called on to share subscriber lines and facilities-based companies will also be encouraged to share their wireless telecom infrastructure, measures which aim to create an environment of fair competition and better services for the consumers. The ministry said that the caller ID service, being introduced for the first time, will help bring down the number of obscene and offensive phone calls. A variety of other value-added services could be launched based on the caller ID service, it added. (KHR) Updated: 09/22/2000 Previous \|\| Top (C) Copyright 2000 Digital Korea Herald. All rights reserved Contact us for more information

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