InvestorsHub Logo
Followers 19
Posts 7181
Boards Moderated 0
Alias Born 01/02/2003

Re: None

Monday, 02/10/2003 9:18:09 AM

Monday, February 10, 2003 9:18:09 AM

Post# of 432774
CDMA2000 Reaches 30 Million Subscriber Mark; 3G Rapid Expansion to


COSTA MESA, Calif., Feb 10, 2003 (BUSINESS WIRE) -- The CDMA Development Group
(CDG) (www.cdg.org) today reported that the CDMA2000 subscriber base surpassed
30 million in January 2003.

The CDMA industry continues to lead in 3G deployments, subscriber growth and
bringing advanced products and services to the market.

2002 saw tremendous expansion of CDMA2000. 27 operators launched CDMA2000
networks, increasing the number of commercial systems to 37 on five continents.
In addition, three operators introduced CDMA2000 1xEV-DO, the most advanced
wireless data technology available in the market today, capable of delivering
data at rates of up to 2.4 Mbps.

The number of CDMA2000 subscribers grew nearly nine-fold and now account for
more than 20 percent of total CDMA users. In Korea, CDMA2000 has captured more
than 50 percent of the market after only two years of service.

CDMA2000 services are a true market success, demonstrating that there is a
significant demand for 3G applications such as streaming video clips, music and
picture downloads, location-based services and Web browsing.

One of the key factors of this success is the broad availability of compelling
products at attractive prices: there are more than 250 CDMA2000 devices
commercially available with advanced features such as color displays, cameras
and MP3 players.

"With additional roll-outs and exponential growth of the subscriber base, we
expect that CDMA2000 will continue to dominate 3G in 2003 and beyond," said
Perry LaForge, executive director for the CDG.

"Capitalizing on the robustness and high-speed data capabilities of CDMA2000,
operators will be able to broaden the range of their advanced service offerings,
creating greater value to consumers and higher overall revenues."

In 2003, 22 additional CDMA2000 networks are scheduled to be deployed and the
subscriber base is expected to double. Deutsche Bank estimates that more than 66
percent of CDMA handsets shipped this next year will be 3G.

The CDMA Development Group is a trade association formed to foster the worldwide
development, implementation and use of cdmaOne(TM) and CDMA2000. The 110 member
companies of the CDG include many of the world's largest wireless operators and
equipment manufacturers.

The primary activities of the CDG include development of CDMA features and
services, public relations, education and seminars, regulatory affairs and
international support. Currently, there are more than 500 individuals working
within various CDG subcommittees on CDMA-related matters.

For more information about the CDG, contact Valerie Christopherson of the CDG
News Bureau at 714/540-1030, ext. 14, e-mail vchristopherson@bockpr.com, or
visit the CDG Web site at www.cdg.org.


CONTACT: CDG News Bureau
Valerie Christopherson or Ricca Silverio
714/540-1030 (ext. 14 or 15)
714/540-1060 (fax)
vchristopherson@bockpr.com
rsilverio@bockpr.com

URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.

Copyright (C) 2003 Business Wire. All rights reserved.

-0-


KEYWORD: CALIFORNIA TRACK
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
TELECOMMUNICATIONS
SOURCE:
CDMA
Development
Group

(Wall Street)





Daniel Nieves

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent IDCC News