LG Telecom adds to coffers with digital TV, credit cards.

RCR Wireless News, May, 2002 by Mooney, Elizabeth V.

NEW YORK--The new alliance with Korea Digital Satellite Broadcasting Co. is part of an overall plan for LG Telecom Co. Ltd. to compete successfully with South Korea's two larger wireless operators, said Yong Nam, president and chief executive officer.

In late April, Martin Lee, chief financial officer, told attendees of an investor-relations meeting that LG expected to sign by early May a final contract with the satellite broadcasting company to converge their wireless and satellite technologies, AFX News Ltd. reported.

"Korea Satellite's (digital TV) set-top boxes use our networks, and we get a subscription fee for each of their users," Nam said May 21 at the Lehman Brothers "Global Wireless Conference."

This spring, LG Telecom also...

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