SAN DIEGO -- July 15, 2003 -- Qualcomm Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, and Telefónica Móviles (TEM) Perú, a leading communications provider in South America, today announced the companies have signed a definitive agreement for TEM Perú to deploy downloadable wireless applications and services based on Qualcomm's BREW solution. The agreement and pending launch mark the first time BREW-enabled products and services will be available to wireless subscribers in Perú.
TEM Perú will make a variety of BREW-based applications commercially available in the last quarter of this year. Wireless data services based on the BREW solution enable users to download applications such as games, ring tones, information directories and location-based services directly to their wireless devices virtually any time, anywhere.
"The potential for growth in South America's wireless data services market is enormous and we're excited to team with Telefónica Móviles in this endeavor," said Peggy Johnson, president of Qualcomm Internet Services. "TEM Perú is an established leader in creating and offering robust enterprise services to the Peruvian market and their decision to offer data services based on the BREW solution demonstrates leadership and commitment to providing their subscribers with services that enable choice, flexibility, functionality and fun. Using the BREW solution, TEM Perú is joining a worldwide community of operators, handset manufacturers and developers intent on driving the industry forward."
"We're pleased to work with Qualcomm as we roll out these enhanced services to our subscribers," said Javier Manzanares, CEO of Telefónica Móviles Perú. "The BREW solution offers a turn-key system for our network and will allow us to quickly deploy wireless services with minimum costs, oversight and alterations to our infrastructure and overall business."
Qualcomm's BREW solution is a complete product and business system for the development and over-the-air deployment of data services on wireless devices. The BREW solution provides the necessary tools and value-added services to developers, device manufacturers and wireless operators for application development and distribution, device configuration, and billing and payment.
Telefónica Móviles S.A.C., subsidiary of the Telefónica Móviles Group in the Peruvian market, is the leader of the wireless communication industry in the country, being at the forefront of the voice and data transmission services since the start of its operations, using the CDMA technology, that permits to offer the most extensive range of products and value added services with the highest quality to its clients.
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. Headquartered in San Diego, Calif., Qualcomm is included in theS&P500 Index and is a 2003 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 and the BREW solution is adopted, 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 30, 2002, and most recent Form 10-Q.