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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

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To: Ramsey Su who started this subject	12/21/2000 9:46:02 PM
From: foundation	Read Replies (1) of 196935

LG Moving to Take Over Stake in Korea Telecom 2000/12/20(Wed) 17:55 LG Moving to Take Over Stake in Korea Telecom LG Group said yesterday that it would likely take over part of government- owned Korea Telecom during its privatization process in 2002. ``The group is considering buying stakes of Korea Telecom,'' said a senior LG official on condition of anonymity, ``This would help the group attract foreign investment in the form of strategic alliances with such firms as British Telecom (BT).'' The nation's third largest conglomerate is now faced with redefining its core business directions _ third-generation wireless telecommunication and digital satellite broadcasting. ``Although LG has decided not to apply for the synchronous mode IMT-2000 service license early next year, it will not give up on its telecom business,'' he added. Industry observers said that LG, as a result of its defeat in bidding for the IMT-2000 and satellite broadcasting licenses and its tight cash-flow situation, would face an uphill battle. They also said that the group could decide to let go of long-distance and international call operator Dacom and broadband service provider Hanaro Telecom as well, concentrating instead on manufacturing with LG Electronics. kdh@koratimes.co.kr 211.169.240.72

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