LG Electronics moves cdma2000 1X into the US market

date: August 13, 2001

LG Electronics signed a memorandum of understanding with Monet Mobile Networks, a high-speed wireless Internet data service provider, on new cdma2000 1x system to be shipped to the U.S.

The MOU gives LGE a strong base for large-scale supply of cdma2000 1x equipment to the important U.S. market. Monet plans to put the system into commercial service from December after completing system implementation and trial operation.

LGE to supply US$50 million worth of equipment including commercial system equipment, base station controllers, and base stations for the next 3 years to support commercial service in the central region of the U.S.

LGE's new cdma2000 1x equipment is Korea's first 3G equipment to be exported to the U.S- the birthplace of CDMA technology.

"This is the first time cdma2000 1x system is being exported to the U.S" stressed Vice Chairman & CEO John Koo at the launch ceremony.

Chairman George Tronsrue of Monet said, "Monet hopes to become the first and the best wireless data service provider in the U.S. with cdma2000 1x equipment provided by LGE."

LGE plans to migrate the current cdma2000 1x system to cdma2000 1x EV-DO (Data Only) system by the first half of 2002.

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