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Technology Stocks : Ericsson overlook?
ERIC 9.510-0.2%3:59 PM EST

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To: Mika Kukkanen who wrote (4331)11/25/2000 11:22:10 AM
From: gdichaz  Read Replies (1) of 5390
 
Mika: Would this be useful background for the article you are writing?

Saturday, Nov 25, 2000 10:26 AM ET

"Ericsson joins Hanaro to boost Groups bid for cdma2000 license in Korea.
totaltele.com.
Network Infrastructure

Korea's Hanaro teams with
Ericsson for cdma2000
By Reuters staff

23 November 2000

South Korea's Hanaro Telecom said on Thursday a consortium it leads
had signed a memorandum of understanding (MOU) with Swedish
telecoms equipment firm Ericsson to form a strategic alliance.

Shin Yoon-shik, president of Hanaro Telecom, signed the deal on
Tuesday with Janos Fugedi, president of Ericsson Korea, and Larry
Brittain, vice president of Ericsson Wireless Communications, a unit of
Ericsson in charge of devleoping cdma2000 technology, Hanaro said
in a statement.

The MOU calls for Hanaro Telecom to cooperate with Ericsson in
developing technology for third generation mobile services, the
statement said.

"The deal with Ericsson will strengthen Hanaro Telecom's
competitiveness in cdma2000 technology," Kim was quoted as saying
in the signing ceremony.

"We will do our best to provide third-generation mobile services as
early as the end of next year, through cooperation with domestic and
overseas equipment makers and mobile service providers," he said.

Late last month, Hanaro said it would join the competition for
potentially lucrative third generation mobile services, which will offer
improved video and high-speed data services.

It set up a consortium called "Korea IMT-2000" with other investors to
increase its chances to win the licence for the next generation mobile
services.

The government plans to award three licences by the end of this year.

Hanaro submitted an application for cdma2000 technology while the
other Korean telecom companies - SK Telecom, LG Telecom, and
Korea Telecom-chose to go with W-CDMA technology developed by
European companies.

Hanaro, which launched services in April 1999 as a local fixed-line
service provider, also provides high-speed broadband Internet access
via networks using fibre optic cables, wireless local loops and CATV
networks. "

Note: Still find it fascinating that the top Ericsson leadership still leaves CDMA to its representatives
outside of Europe.

Does Ericsson Europe find it expedient to keep its focus on GSM and seem to keep its distance from Ericsson's CDMA arm?
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