Cisco and Korea Thrunet Sign Strategic Alliance (It is here finally)
Cisco and Korea Thrunet Sign Strategic Alliance To Speed Deployment of Advanced IP Infrastructure and Services in Korea
SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 29, 2000--Cisco Systems, the worldwide leader in networking for the Internet, today signed a Memorandum of Understanding (MOU) with Korea Thrunet Co. Ltd. (Nasdaq:KOREA - news), Korea's leading supplier of high-speed Internet services and corporate leased lines.
Under terms of the agreement, Korea Thrunet will leverage Cisco technology and services to deploy next generation IP (Internet Protocol) infrastructure that integrates combined voice, video and data traffic together with new broadband cable services and applications. In turn Cisco will support Korea Thrunet in the development of these applications, many of which are aimed at enhancing the firm's services and reaching new markets.
The new applications, to be announced in due course, are expected to benefit Korea Thrunet's broadband cable subscriber base, which has increased to 155,710 as of Jan. 31, 2000, representing an 841 percent increase year-over-year. Korea Thrunet says it is adding more than 20,000 new cable data subscribers a month.
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