To: slacker711 who wrote (51335 ) 11/22/1999 5:20:00 PM From: slacker711 Respond to of 152472
It looks like the MOT agreement was to push iDEN....I didnt even know it existed outside the US/Canada.koreaherald.co.kr KT Powertel forges partnership with Motorola Motorola has assumed a 20 percent stake in Korea Telecom (KT) Powertel, the TRS (trunk radio system) operator said yesterday. In addition to investing 13 billion won in the TRS arm of the state-run telecom company KT, the communication equipment manufacturer will provide technical and marketing support. The partnership with Motorola will boost KT Powertel's iDEN (integrated digital enhanced network) service launched in Seoul and Pusan in January 1998, said Hong Yong-pio, executive director of the network division at KT Powertel. iDEN, developed by Motorola, integrates dispatch radio, telephone interconnect, short message service and data communication into a single handheld unit. KT Powertel will extend the digital service network to provide nationwide coverage starting next June, Hong added. Korea Telecom, which had an 83.2 percent interest in the TRS subsidiary last June, now has a 39.6 percent interest following two separate new stock issuances. As part of KT's privatization plan, the telecom company's stake in KT Powertel will be brought down to 34 percent next year. Talks are underway with several other TRS operators for additional investments and a final contract could be in place by next March, said Hong. With 65,000 subscribers as of the end of October, KT Powertel enjoys a 90 percent market share, according to Hong. The company's sales projection for this year stands at 10 billion won, an increase of four billion won from last year.