|Kyocera to Provide High-Speed Technology to Hanaro|
Posted: 22-Jan-2002 [Source: Bloomberg]
[Hanaro looking to increase customer base with high-speed wireless links.]
by Keiko Kambara, Kyoto -- "Kyocera Corp., which bought Qualcomm Inc.'s mobile-phone unit in 2000, will provide high-speed wireless data technology to Hanaro Telecom Inc., South Korea's second-largest high-speed Internet provider.
"The technology to be used in Hanaro's new service next year allows the transmission of high-speed data on a wireless network similar to those used by mobile phone service providers. With a minimum speed of 600 kilobits per second, it enables users to watch uninterrupted video, said Kyocera spokesman Taro Isshin.
"For Kyocera, a tie-up with Hanaro could represent a chance to enter the second-largest market for high-speed Internet connections. Hanaro, Korea Telecom Corp. and other Korean operators have signed up about 7 million subscribers for their services in the last two years.
"We favor Kyocera because of the strength of their technology," said Masafumi Fujiwara who helps manage about 135 billion yen ($1 billion) in Japanese equities, including Kyocera shares, at Daiwa Asset Management Co. The company will be one of the stronger performers among Japanese technology shares this year, he said.
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