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To: FaultLine who wrote (75575)7/7/2000 5:36:36 AM
From: FaultLine  Read Replies (1) | Respond to of 152472
 
IMT-2000 Bidders Shocked by Heavy Fees
From: The Digital Chosun (Korea) /7/6/00
chosun.com
The Ministry of Information and Communication (MOIC) disclosed its policy draft for the selection of the IMT-2000 service providers Wednesday. The ministry plan to confirm the draft via a second public hearing Thursday. The Ministry¡¯s final proposal is make a selection through a qualitative evaluation and a bonus point system depending on the bidders¡¯ contribution amount to the operation of the spectrum. The Ministry plans to select three IMT-2000 service providers, whether or not the bidders are existing telecommunication service firms. Regarding the IMT-2000 technology standard, the Ministry decided to allow both W-CDMA (wideband code division multiple access) and cdma 2000 methods.

The ministry further explained that with the add-on points system, each spectrum bidder is required to contribute a minimum of W1 trillion. Points would be added for amounts exceeding the minimum, however, the maximum contribution would be limited to W1.3 trillion.

Telecommunication firms that have been striving to win the coveted rights to the next-generation communications service responded by claiming that the Ministry has tossed a heavy financial burden upon the prospective bidders, since all the bidders will have to contribute the maximum amount inevitably. Many of these companies had expected that the maximum contribution would be below W500 billion.

(Paik Kang-young, young100@chosun.com)