Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (49937)	11/15/1999 12:03:00 AM
From: jhg_in_kc	Respond to of 152472

SEOUL (Dow Jones)--Korea Telecom Freetel Co., a unit of state-run Korea Telecom Corp. (Q.KRT will venture into the Internet business with Microsoft and jointly develop the code division multiple access system and high-speed wireless data communications technology with Qualcomm. Korea Telecom Freetel will also cooperate with Capital Communications in overseas projects. Korea Telecom Freetel is a mobile phone service company. Korea Telecom Freetel's capitalization will rise to 713.3 billion won ($1=KRW1,169) at the end of this year from KRW608.3 billion at the end of October. Its debt-to-equity ratio will fall to around 210% from 1,000% at present. Donaldson, Lufkin & Jenrette was the lead manager in the latest transaction, the company said. Separately, the company said it plans to list its shares on the over-the-counter Kosdaq market by the end of this month. -By Shin Jung-won; 822-732-2165; jung-won.shin@dowjones.com