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

QCOM 174.76

+0.3%

Dec 23 3:59 PM EST

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To: Ramsey Su who started this subject	6/25/2001 9:10:41 PM
From: foundation	Read Replies (1) of 197017

LG Telecom, Power Comm and Hanaro Telecom Joining Forces By Kim, Sam-ryong & Kim, Kyu-tae Tuesday, June 26, 2001 LG Telecom, Power Comm and Hanaro Telecom are moving swiftly to acquire IMT2000 business licenses in cdma. According to the industry on 25, LG Telecom (Chaired by Nam, Yong-sik lg019.co.kr) is in close contact with Power Comm, Hanaro Telecom and KDDI. The company decided to pursue a strategic alliance with Power Comm in the area of network facility. The strategic alliance is aimed at expanding the Power Comm's network that LG Telecom has been using and this is attracting attention along with privatization of the Power Comm. The move between LG Telecom and Power Comm came amid KEPCO's endeavor to bring together investors who will buy 30% of Power Comm shares by the end of the month spawning wild speculations. Power Comm is known to be considering partial equity participation in a consortium of cdma operators led by LG Telecom. Therefore this scenario can be possible where LG participates in privatization of Power Comm and Power Comm participates in the cdma consortium led by LG. Although the talks of strategic partnership between the two are limited to the network area, the possibility of Power Comm participating in LG consortium or LG participating in privatization of Power Comm can not be ruled out at all. There is also Hanaro Telecom factor. LG Telecom has been opposed to management participation by Hanaro Telecom but recently it softened its position trying to embrace Hanaro Telecom. LG Telecom reportedly offered Hanaro Telecom another alternative that allows Hanaro to participate in the consortium. It is confirmed that LG Telecom is contacting KDDI, the 2nd largest mobile communication provider in Japan pending foreign capital attraction. Recently working-level officials from LG Telecom visited KDDI and had talks over equity participation and technology exchanges. The company is exploring ways to conclude a strategic alliance through negotiations with KDDI to encompass sales and technology of CDMA IMT2000 not to mention foreign capital inducement. The contacts by LG Telecom with Power Comm, Hanaro Telecom and KDDI are viewed as an attempt to acquire a one-left cdma IMT2000 business license. LG Telecom is showing relented position as the Ministry of Information & Communication says that it can delay selection of business operators if 3 domestic operators can not form an alliance. The visible outcome regarding selection of cdma business operators will be available within this week. etienglish.com

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