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Jordan adopts South Korea's WiBro tech

Posted: 26 May 2009 ?? ?Print Version ?Bookmark and Share

Keywords:WiBro? WiMAX? wireless service?

SK Telecom has signed additional consulting agreement and a letter of intent (LOI) with telecommunications services company, Kulacom Broadband Investment Co., which operates high-speed wireless Internet service and VoIP in the Middle East and Eastern Europe.

SK Telecom executive VP Young-Chan Nam and Kulacom CEO Michael Penner attended the May 20 signing ceremony held in Amman, Jordan, which formalized a $4.38 million consulting agreement and a $2.18 million LOI. The companies agreed to actively cooperate in Kulacom's WiMAX business in the Middle East and Eastern Europe. SK Telecom has also successfully exported South Korea's WiBro technology to Jordan at the WiMAX service launch ceremony.

In May 2008, SK Telecom signed a $2.55 million partnership agreement with Kulacom to provide consulting on WiMAX technology. Under the agreement, SK Telecom took actual charge of commercializing WiMAX technology by sharing its strong expertise on WiMAX especially in the areas of network design and optimization as well as service operation and planning.

SK Telecom entered into the additional agreement with Kulacom thanks to the successful business relationship it built with the company over the past year.

The South Korea carrier will focus on providing support in Jordan's WiMAX project as well as developing new business opportunities in other emerging markets. In particular, SK Telecom plans to send technology and marketing experts to Kulacom headquarters located in Dubai, United Arab Emirates to provide support in business development and management.

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