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QUALCOMM Enters Into CDMA Subscriber License Agreement with Telson Information & Communications, Co., Ltd. in Korea.
--From Rocket Thread.-- Cooters
SAN DIEGO - February 23, 2000 - QUALCOMM Incorporated (Nasdaq: QCOM) today announced that it has entered into a worldwide Code Division Multiple Access (CDMA) subscriber unit license agreement with Telson Information & Communications (I&C) Co., Ltd. of Seoul, Korea. Under the terms of the multi-million dollar, royalty-bearing agreement, QUALCOMM has granted Telson I&C a license under QUALCOMM's proprietary CDMA technology and patents to develop, manufacture and sell subscriber unit products for cdmaOne?, cdma2000? and High Data Rate (HDR) air interface technologies. The license also includes the rights to develop, manufacture and sell CDMA data modem cards for wireless data and voice applications.
"QUALCOMM's CDMA and HDR technologies will enable wireless Internet access for devices, such as mobile phones, to meet or exceed many of the IMT-2000 specifications," said Seo Yong Yoon, president of Telson Information and Communications Company Ltd. "Licensing QUALCOMM's CDMA technologies will enable Telson to expand its wireless product offerings by providing high-speed wireless access to the Internet, which we expect to be a rapidly growing market."
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