SOUTH KOREAN SKT JOINS HANDS WITH CHINA UNICOM IN WIRELESS
AsiaInfo Services, January, 2003
AsiaInfo Services 01-22-2003 South Korean SKT Joins Hands With China Unicom in Wireless BEIJING, Jan 22, 2003 (SinoCast via COMTEX) -- On January 19, 2003, South Korea Telecom (SKT) signed contract with China Unicom to form a joint venture of providing Chinese users with wireless Internet access services. According to a report from Beijing Entertainment & Recreation post, if the cooperation was successful, SKT would be the first foreign telecom carrier running value-added telecom businesses in China. An executive of SKT said, "This contract was just a frame contract without detail contents." In the new joint venture, SKT would hold 49% of stock shares and 51% for China Unicom. SKT stated that the two companies would negotiate the details of cooperation in...
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