KTF to set up unit in Indonesia

KTF to set up unit in Indonesia

SEOUL: South Korea's KTF Co. said on Wednesday it has signed a contract with PT Mobile-8 Telecom of Indonesia to provide wireless consulting services and network systems in a deal valued at US$17.5 million.

KTF, South Korea's second largest wireless operator, will provide consulting services on code division multiple access 1x networks, wireless data and billing services through June 2006.

KTF said it plans to set up a unit in Indonesia in August and transfer some employees to the region. It didn't provide more specific details.

PT Mobile-8 is scheduled to launch wireless services based on CDMA2000 1x technology in Jakarta by the end of this year.

Last month, mobile handset maker Samsung Electronics Co. signed a $120 million deal with PT Mobile-8 to provide CDMA systems.

Shortly after the markets opened, KTF shares rose 1.3 percent, or 300 won, to 23,600 won on the technology-laden Kosdaq market. -- Dow Jones