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To: S100 who wrote (89805)	12/10/2000 8:34:48 PM
From: S100	Respond to of 152472

LG to export IMT-2000 technology to Europe LG Electronics has signed a memorandum of understanding (MOU) with a global Italian telecommunications company to export W-CDMA (wideband code division multiple access)-based IMT 2000 technology, officials said yesterday. The deal also involves LG Electronics exporting technology solutions related to RNC, Radio Network Controller, a core part of third generation mobile service systems, to Marconi Mobile of Italy. Under the deal, LG will also establish and run a trial service of its own IMT-2000 test bed in Genoa, Italy. The two companies have also agreed to cooperate in product development and overseas marketing. Officials said the MOU marks a major achievement in LG's efforts to make inroads into the European market, the home of W-CDMA technology. Officials added LG has received a "substantial" advance payment in technology development fee from Marconi and will receive further between three and four percent of sales in the next five years, estimated to exceed $50 million. This marks the first time that a local firm has exported core W-CDMA technology as well as setting up a test bad in a foreign country. Marconi, a major global provider of communications and information technology solutions, is a main force unit among the Marconi Group's five firms. The company posted 4.6 trillion won ($3.8 billion) in sales last year. (KMH) 2000.12.11 koreaherald.co.kr