LAS VEGAS -- March 20, 2001 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, and Korea Telecom Freetel (KT Freetel), one of the world's fastest-growing and largest Personal Communications Services (PCS) operators, today announced that KT Freetel will commercially launch cdma2000 1xEV in the major cities of Korea during the second calendar quarter of 2002. KT Freetel recently completed successful 1xEV technical trials in Seoul using equipment from multiple vendors.
Since introducing the first cdmaOne™ IS-95B system in Korea in September of 1999, KT Freetel has seen demand for wireless voice and data connectivity grow rapidly. KT Freetel will provide enhanced service with a cdma2000 1x network, and offer 1xEV to provide a fast and cost- effective solution to address the demand for wireless data services. With the deployment of cdma2000 and 1xEV, KT Freetel will provide optimum voice and data services to their customers.
"Our customers are demanding wireless data service, which provides the richness of the Internet wherever they might be. One of the most efficient ways to meet this demand is with 1xEV," said Dr. Yong-Kyung Lee, president and CEO, Korea Telecom Freetel. "1xEV is expected to enable KT Freetel to offer ultra-high data speeds at a very low cost per bit, making the deployment very cost effective and enabling all customers to benefit."
"KT Freetel has demonstrated marked leadership in their commitment to support 1xEV technology," said Jeff Jacobs, senior vice president of business development, Qualcomm.
1xEV supports peak data rates up to 2.4 Mbps in a standard 1.25 MHz frequency channel. 1xEV's Internet protocol-based architecture and frequency independence allows it to be overlaid on various voice networks or work as a stand-alone system. 1xEV is compatible with cdmaOne and cdma2000 networks, thus leveraging existing product designs and enabling service providers to obtain higher capacities and superior performance by optimizing voice and data spectrum separately. 1xEV offers third-generation data services and meets the International Telecommunications Union's International Mobile Telecommunications 2000 (IMT-2000) requirements.
1xEV is an enhancement of the cdma2000 standard of the Telecommunications Industry Association (TIA). The CDMA 1xEV specification was developed by the Third Generation Partnership Project 2 (3GPP2), a partnership consisting of five telecommunications standards bodies: TTA in Korea, CWTS in China, ARIB and TTC in Japan, and TIA in North America. The 1xEV specification is known as TIA/EIA/IS-856 "CDMA2000 High Rate Packet Data Air Interface Specification."
Through its merger with KTM.com, KT Freetel has emerged as the world's largest and fastest growing PCS service provider with a total of 8.5 million subscribers. The company will provide: stock/banking transactions, travel/performance ticket reservation and purchasing services, and e-commerce; information services including positioning information and medical information; and wireless Internet community services including online chat rooms. KT Freetel is the key company in Korea Telecom's wireless business, as it is in the process of providing high-speed wireless data with a goal to commercialize cdma2000 1x in the first half of this year and commercialize 1xEV in 2002.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. The Company's business areas include CDMA integrated circuits and system software; technology licensing; the Binary Runtime Environment for Wireless™ (BREW™) applications development platform; Eudora® e-mail software; digital cinema systems; and satellite-based systems including portions of the Globalstar™ system and wireless fleet management systems, OmniTRACS® and OmniExpress™. Qualcomm owns patents that are essential to all of the CDMA wireless telecommunications standards that have been adopted or proposed for adoption by standards-setting bodies worldwide. Qualcomm has licensed its essential CDMA patent portfolio to more than 100 telecommunications equipment manufacturers worldwide. Headquartered in San Diego, Calif., Qualcomm is included in theS&P500 Index and is a 2000 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 24, 2000, and most recent Form 10-Q.