|Nortel LGE joint venture score Korean win|
Posted: 07-Sep-2005 [Source: Nortel]
[KTF, Korea's second-largest wireless provider, has selected Nortel and LGE joint venture to provide equipment for its new UMTS/HSDPA service.]
KTF, one of Korea's leading cellular providers, has selected LG Electronics (LGE) and Nortel to power its new ultra high-speed broadband wireless communication service throughout Korea's major metropolitan areas including Seoul.
Nortel will provide HSDPA-based access equipment, while LGE will furnish the UMTS core network solution for this service. This is the first collaborative win for LGE and Nortel since announcement of the LG-Nortel joint venture in August 2005.
The 3G UMTS solution with HSDPA will allow KTF subscribers to access new wireless multimedia services such as high-speed music transfers, real-time DVD-quality video, gaming applications, videoconferencing and split-second multimedia collaboration. KTF's HSDPA wireless network will be capable of delivering services at download speeds up to 14.4 Mbps - 30 times faster than today's commercially deployed wireless networks.
Beginning with Seoul, KTF plans to roll out its HSDPA-ready broadband wireless network to 17 cities by December 2005, and to extend it to an additional 45 cities by June 2006.
LGE and Nortel executed a joint venture agreement on August 17, 2005 to establish a joint venture company in the area of telecommunication infrastructure businesses. The joint venture company is scheduled to be established within this year, subject to fulfillment of certain conditions provided in the agreement.
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