re: Samsung & LGE Win SKIMT 3GSM WCDMA Network Gear Awards
* Samsung Electronics and LG Electronics acquired rights to supply about 200 billion won of equipment to SKIMT, outbidding major foreign equipment makers like Nortel, Alcatel, and Nokia.
* Samsung and LG are likely to sign contracts with SKIMT to supply 150 billion won and 50 billion won of equipment respectively soon.
>> Samsung, LG Provide WCDMA Equipment to SKIMT
Lee Ho-joon
Korea IT News
Saturday, December 28, 2002
etienglish.com
In a competition to receive orders for WCDMA equipment of SKIMT, which attracted attention of the telecom equipment industry, Samsung Electronics and LG Electronics outbid foreign companies to acquire rights to supply equipment. Accordingly, domestic companies have gobbled up 350 billion won of orders from telecom service providers like KTICOM and SKIMT for the WCDMA equipment.
Therefore, foreign companies having devoted themselves to entry into the domestic market, including Nortel Networks, Alcatel, Nokia, and Ericsson, have actually lost business ground.
According to the industry on Dec. 27, Samsung Electronics and LG Electronics acquired rights to supply about 200 billion won of equipment to SKIMT, outbidding major foreign equipment makers like Nortel, Alcatel, and Nokia in the bidding of the telecom carrier, the largest in scale this year. Consequently, both companies have gained the upper hand in a competition to take the initiative in the market.
As a result of this bidding, the two giant companies have come to supply the whole quantities of WCDMA equipment SKIMT is scheduled to introduce in 2003. Samsung and LG are likely to sign contracts with SKIMT to supply 150 billion won and 50 billion won of equipment respectively soon.
Having acquired rights to supply equipment, the two equipment makers have clinched opportunities of reinforcing WCDMA business at home and abroad.
In particular, earlier, LG Electronics gained rights to supply 140 billion won of WCDMA equipment to KTICOM, another IMT2000 service provider in June. And with the victory in this bidding, LG has succeeded in taking the initiative in the domestic WCDMA market in its initial stage.
Meanwhile, except Nortel that was chosen as a preliminary negotiation partner of KTICOM and is seeking chances of making a safe landing in Korea, other foreign companies such as Nokia, Nortel, and Alcatel have actually failed to advance into the domestic wireless telecom market. <<
- Eric - |
