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

To: Jon Koplik who wrote (14131)	8/26/1998 9:04:00 AM
From: Sawtooth	Respond to of 152472

Wednesday August 26, 7:30 am Eastern Time Company Press Release SOURCE: QUALCOMM Incorporated Shyam Telelink Awards QUALCOMM $45 Million CDMA Wireless Local Loop Contract for Rajasthan, India SAN DIEGO, Aug. 26 /PRNewswire/ -- QUALCOMM Incorporated (Nasdaq: QCOM - news) announced a signed contract with Shyam Telelink Limited to supply a turnkey cdmaOne(TM) (IS-95 Code Division Multiple Access) Wireless Local Loop (WLL) network to the Rajasthan region of India. Shyam Telelink Limited is licensed to deploy an 800 MHz CDMA WLL system to provide much-needed telephone services to the region, where many customers are currently waiting for telephone service. Under the terms of the agreement, QUALCOMM will supply up to $45 million of CDMA infrastructure equipment, wireless telephones and deployment services. ''It is a landmark opportunity for QUALCOMM to participate in Shyam Telelink's project to increase teledensity and improve telecommunications for Rajasthan's 51 million people,'' said Marshall Towe, Jr., vice president for QUALCOMM's Wireless Infrastructure Division. ''We share Telelink's vision of accessible, high-quality, reliable and secure communications for each city, town and village in the region, and we look forward to working with Telelink's engineering teams to ensure a rapid and efficient network deployment.'' Deployment of the network is expected to begin in the fourth quarter of 1998 in the city of Jaipur, with expansion into surrounding towns and villages expected shortly thereafter. The network is expected to serve over 23 urban areas within the first year of operation and to offer a combination of fixed and limited mobility services to subscribers. ''We selected QUALCOMM to deploy our CDMA network not only because they have already successfully demonstrated their CDMA WLL capabilities in India, but also because of their advanced CDMA products, technical expertise and deployment experience around the world,'' said Rajiv Mehrotra, chairman of Shyam Telelink Limited. ''With CDMA, we will be able to provide wireline-quality telephone service to even the most remote areas of Rajasthan.'' ''In a region where significant subscriber growth is expected as soon as wireless telephone services become available, a CDMA network from the leading wireless local loop vendor -- QUALCOMM -- is the best choice for Telelink to meet capacity and quality requirements,'' said B.A. Majmudar, president of QUALCOMM's Wireless Infrastructure Operations in India. ''We commend Telelink for its leadership in selecting QUALCOMM CDMA, and with this agreement, we renew our commitment to India and to providing the highest quality communications to our customers.'' QUALCOMM will provide Shyam Telelink Limited with its 800 MHz QCell(TM) base stations, QCore(TM) switching and base station controller equipment, and wireless local loop telephones. The system will be designed using QUALCOMM's industry-leading network planning software tool, QEDesign(R). QUALCOMM will also provide a range of deployment services, including installation, commissioning and optimization. QUALCOMM supplied and installed the first CDMAWLL network in India, a commercial system that has been serving New Delhi customers since May 1997. QUALCOMM has emerged as a leader in the WLL arena with deployments underway throughout Asia, Africa, the Commonwealth of Independent States and the Americas. As the pioneer of CDMA technology, QUALCOMM is able to design and manufacture products that optimize cdmaOne technology to its greatest potential, providing high-performance networks to operators all over the world. Shyam Telelink Limited was incorporated in 1995 for the purpose of establishing and operating basic telephone services in India and was promoted by Shyam Telecom Limited. Headquartered in San Diego, California, QUALCOMM .....SNIP!.....