InterDigital Inc (IDCC)

[nieves]

Telecoms industry slows down due to crisis



Venezuela, Mar 26, 2003 (El Nacional/SABI via COMTEX) -- The access to hard currency control ruled by the government is threatening the development of telecommunications technology that is addition to that has to deal with the discouragement of operators to invest in the introduction of new technologies as 3G. The current 3G terminals in the market have not the expected quality and there are not applications to justify further investments in up-to-date technology. The intermediate stage, or 2.5 generation, results to be more competitive under the current conditions. One of the signs of lack of interest is the failure in the tender for WLL and LMDS technologies held by the telecom commission Conatel. One of the companies concerned is Lucent Technologies that faces arrears of 20% of payments on equipment supplied to telecom operators.Copyright (c) 2003, South American Business Information, All rights reserved.

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INDUSTRY KEYWORD: Telecommunications
Telecommunications Equipment
EVENT: Market Informatio