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To: Cooters who wrote (89021)12/5/2000 8:39:22 AM
From: Cooters  Read Replies (1) | Respond to of 152472
 
Korea to Announce Phone License Winners Dec 15, Yonhap Says

--From AOL. Combined with Fed meeting on 12/17, options expiration, and election events on 12/12 and 12/18, this should be fun!-- Cooters

Seoul, Dec. 5 (Bloomberg) -- Korea's Ministry of Information and Communication will announce who will receive one of three licenses to provide new cellular phone services on Dec. 15, five days earlier than planned, Yonhap News said, citing an unidentified ministry official.

A group led by Hanaro Telecom Inc. submitted a bid for a license using a technology called code division multiple access 2000. Three other groups -- led by Korea Telecom Corp., SK Telecom Co. and LG Group -- submitted proposals based on rival W-CDMA technology.

The government said it will disqualify the weakest proposal among those bidding with the same technology in an attempt to insure that one group would choose CDMA2000. Analysts said Hanaro's proposal is unlikely to meet the minimum criteria. Winning bidders will have to pay a 1.3 trillion won ($1.1 billion) license fee.

(Yonhap News Agency 12/05 {YNHP <GO>}

Dec/05/2000 4:40 ET



To: Cooters who wrote (89021)12/5/2000 10:57:06 AM
From: Getch  Read Replies (1) | Respond to of 152472
 
>>HELSINKI, Finland--(BUSINESS WIRE)--Dec. 5, 2000--Nokia today extended the company's revenue growth target of 25-35% from 2002 to include 2003...

...Nokia announced that it is executing its strategy to become a leader in the CDMA handset business. The company is now shipping its new tri-mode Nokia 5185i (CDMA1900/800/AMPS) phone in large volumes and, in 2001, is planning to bring exciting new models to the market - including Korea. Nokia also announced that a new mobile phone model specifically for the trend-setting Asia Pacific markets would be launched before the end of this year.
<<

From my memory of the details of the Telson/Nokia production agreement, Nokia can not sell a 1X phone without a 3G license agreement. Any new mobile phone model for Asia Pacific would have to be 1X to be "trend-setting", and therefor would need a license..."before the end of this year".