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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 156.25-1.0%1:11 PM EST
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To: foundation who wrote (5363)12/10/2000 9:01:03 AM
From: foundation  Read Replies (2) of 197333
 
LG to export IMT-2000 technology to Europe

LG Electronics has signed a memorandum of understanding (MOU) with a global
Italian telecommunications company to export W-CDMA (wideband code division
multiple access)-based IMT 2000 technology, officials said yesterday.

The deal also involves LG Electronics exporting technology solutions related to RNC,
Radio Network Controller, a core part of third generation mobile service systems, to
Marconi Mobile of Italy.

Under the deal, LG will also establish and run a trial service of its own IMT-2000 test
bed in Genoa, Italy. The two companies have also agreed to cooperate in product
development and overseas marketing.

Officials said the MOU marks a major achievement in LG's efforts to make inroads into
the European market, the home of W-CDMA technology.

Officials added LG has received a "substantial" advance payment in technology
development fee from Marconi and will receive further between three and four percent
of sales in the next five years, estimated to exceed $50 million.

This marks the first time that a local firm has exported core W-CDMA technology as
well as setting up a test bad in a foreign country.

Marconi, a major global provider of communications and information technology
solutions, is a main force unit among the Marconi Group's five firms. The company
posted 4.6 trillion won ($3.8 billion) in sales last year. (KMH)

2000.12.11

koreaherald.co.kr
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