Telecom Outlook 2003

December 6, 2002
SK Telecom, APBW sign licensing agreement for wireless Internet platform

HONGKONG -- South Korea's largest mobile telecom service provider, SK Telecom has signed a license agreement in Taipei with Taiwan's 3G-service provider, Asian Pacific Broadband Wireless(APBW). As per the agreement, SK Telecom will supply its wireless Internet platform including operating system and solutions for devices to APBW.

Under the $30 million contract, SK Telecom will provide, on a turnkey basis, not only the mobile portal platform but also various applications that have been developed by Korea's startups and engineered by SK Telecom. These include MMS, multimedia solutions and Java virtual machine along with several other key solutions that enable advanced wireless Internet service.

APBW plans to launch its 3G service in March 2003 with market-proven killer applications from Korea including ring-tone & picture downloads, multimedia games, MMS.

The contract gives SK Telecom a leading edge in the extremely competitive global wireless telecom market and demonstrates a new business model for IT companies.

Contact:
SK Telecom

Tel: 852-9819-6701
Email: prman@sktelecom.com
Web: www.sktelecom.com



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