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CDMA Handsets to Largest Wireless Service Provider in Brazil |
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| 20th
October , 2005 |
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The agreement marks the latest milestone in Pantech’s expansion into Central and South America, one of the world’s fastest growing markets. It follows the recent announcement of the company’s deal with America Movil SA, the largest wireless communications solutions provider in Mexico, for the supply of 500,000 GSM handsets in Latin America this year. Sung-Kyu Lee, President & CEO, Pantech Co., said: “Brazil, whose GDP is projected to rival that of the leading world economies in coming years, is the place to be, given our ambition to build up our operations in what is the largest handset market in Latin America. We look forward to expanding our infrastructure in Brazil over the coming months.” Under the terms of the agreement, Pantech will supply three of its flagship models to Vivo, including the PC-1000L, a CDMA model with a compact, intenna design featuring a 330,000-pixel VGA CMOS camera. Pantech plans to supply at least 130,000 handsets to Vivo by the end of this year. Pantech has already provided GSM handsets to Claro and TIM, the second and third largest wireless service operators in Brazil. Pantech Group - composed of Pantech Co., Pantech&Curitel Communications, Inc. and Pantech C&I Inc. - plans to increase its total handset exports to Brazil to more than 500,000 units, including 3G mobile phones, in 2006. Vivo, which is jointly controlled by the Portugal Telecom and Telefonica Moviles groups, is one of the leading mobile service operators in the southern hemisphere. With 28.4 million mobile subscribers, Vivo accounts for 38% of Brazil’s 74 million handset market. Pantech’s expansion in the Brazilian market is part of a wider process where the company is steadily building up its presence in the so called ‘BRIC countries’ - Brazil, Russia, India and China. The company already has operations in all of these regions. About the Brazilian Wireless Market: l Population of Brazil: 170 million l Mobile service penetration rate: 43% (approximately 74 million) l Number of handsets: Expected to reach 86 million units by the end of 2005. Brazil is the world’s fifth largest handset market, next to China (398 million units), the US (202 million units), Russia (115 million units) and Japan (95 million units). l Services: GSM, CDMA, WCDMA l Growth rate: The Brazilian market is expected to show a rapid growth, reaching 85 million by 2008, equivalent to 9.2% of the Central/South American market |
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Brazil
: South Korea’s second biggest mobile phone manufacturer - today
announced that it has signed an agreement to supply 200,000 CDMA handsets
to Vivo, the largest wireless service provider in Brazil.