Nortel Signs Korean Agreement

South Korea's SK Telecom has signed an MOU with Canada's Nortel Networks for the joint production and marketing activities worldwide in the wireless Internet business area.

Sung Chul Hong, vice-president of SK Telecom's Global Business Division, and John Giamatteo, president of Nortel Networks' Asia Pacific Region, oversaw the MOU Signing Ceremony. In the MOU, the two companies agreed to conduct joint development of wireless Internet products, and joint sales in the global market, immediately after testing the interconnectivity between SK Telecom's solutions and products with Nortel Networks' wireless infrastructure.

Sung Chul Hong, vice-president of SK Telecom's Global Business Division stated that, "The company will have an opportunity to strengthen its global business operation that is based on the world's best level of wireless Internet technology and network operational know-how. The strategic alliance with Nortel Networks will further enhance technological competitiveness, and demonstrate the excellence of, SK Telecom's wireless Internet solutions. This will be proved by using the R&D facilities of Nortel Networks."

Posted to the site on 9th March 2004