SK Telecom to help China develop wireless networks
(Shanghai Daily)
Updated: 2006-08-30 15:12
SK Telecom Co, South Korea's largest mobile-phone operator, will help China
develop its own standard for wireless networks, seeking access to the world's
biggest cell-phone market by subscribers.
The alliance is the first that China's government has signed with an overseas
operator for the third-generation technology known as TD-SCDMA, which allows
faster downloads of movies and music, the Seoul-based company said in a
statement. SK Telecom bought US$1 billion worth of bonds convertible into shares
of China's second-largest mobile-phone company in July. China's homegrown
standard needs to win customers to compete with rival technologies developed by
Nokia Oyj and Qualcomm Inc.
(For more biz stories, please visit Industry Updates)
|
