South Korea's Samsung Electronics Co Ltd said on Monday (5/3/07) it would sell Indonesian mobile operator PT Mobile-8 Telecom systems for a "third-generation" (3G) mobile service for $373 million, Reuters reported.
Samsung, the world's No. 3 maker of mobile phones, said in a statement it would provide the equipment for EV-DO Rev. A, an advanced service that upgrades networks based on code-division multiple access (CDMA) 2000, by 2011. The upgraded CDMA standard allows fuller data service and lets users upload videos and photos from their handsets to networks at a faster speed than previously.
For Indonesia's Mobile-8, the deal will help achieve its target to have 2.2 million new customers this year, taking its total subscribers to 4 million by the end of 2007.
Sintawati Halim, senior vice president of finance and procurement at Mobile-8, said the cooperation "will further enhance Mobile-8 coverage area and increase its network capacity above 20 million by 2012".
Mobile-8 is one of about 10 players in the rapidly growing mobile phone industry. The company, controlled by PT Bimantara Citra, is among a half dozen operators to enter the 3G arena in the country.
Samsung previously supplied equipment worth $120 million when Mobile-8 improved its network in 2003.