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Technology Stocks : The New Qualcomm - a S&P500 company
QCOM 174.54-1.2%Nov 13 3:59 PM EST

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To: brian h who wrote (4673)12/30/1999 9:42:00 AM
From: Dennis Roth  Read Replies (1) of 13582
 
Samsung launches China's 1st commercial CDMA service
Source URL: koreaherald.co.kr

Samsung Electronics said yesterday the company is to launch its
CDMA (code division multiple access) mobile communications system for
commercial use in Hebei Province, China, on New Year's Day.

The company and Hebei Century Mobile Telecom (HCT) held a
ceremony for the start of China's first commercial mobile telecom service
in a city in the province yesterday.

In May this year, Samsung signed a contract, worth $31 million, with
the Chinese telecom firm to provide its CDMA system, outbidding major
telecom equipment makers such as Motorola, Lucent Technology and
Nortel.

With the start of commercial service, the company expects to receive
additional orders, estimated to be worth $200 million, and have a better
position to expand its service to other major cites, such as Beijing and
Tianjin.

China is the world's fastest growing mobile phone market, with the
number of subscribers expected to increase from 26 million to about 200
million within the 10 years.

"Being selected as system supplier for China's first commercial CDMA
service, Samsung is in a strong position to take the lead in this burgeoning
market," a Samsung spokesman said.

Samsung expects the launch of the service will also help Korean mobile
phone manufacturers expand their share in the Chinese market, currently
estimated at $300 million.



Updated: 12/31/1999
by Hwang Jang-jin Staff reporter
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