CSL, a joint venture between Hong Kong-listed Pacific Century CyberWorks (PCCW) and Australia-based Telstra, has signed an agreement with Finland-based Nokia on third-generation (3G) communications networks. Nokia is to provide CSL with terminal equipment for its Hong Kong 3G network.
The agreement extends the two companies' co-operation which began in 1991, when Nokia became the first GSM supplier to CSL. Nokia has supplied both core and radio-access equipment, as well as GPRS to CSL, which currently serves around one million GSM subscribers. Nokia will continue as a key technology partner as CSL moves into the 3G market.
"We are pleased to be a provisional successful bidder for the 3G licence in Hong Kong," says Mr. Hubert Ng, CSL's Chief Executive Officer. "The move to 3G is a natural progression for CSL to meet the growing demand for data intensive mobile services, and by choosing a trusted partner with a long history of close co-operation, CSL is making the right decision to ensure the continued success of our mobile business well into the future."
CSL said it has no plans for Nokia to become one of its shareholders and says it will recover its 3G costs within five or six years. The company forecasts earnings before interest, tax, depreciation and amortisation (EBITDA) of HK$1.3bn for 2001.
"Hong Kong has always been a 'showcase' market in telecommunications, with one of the most advanced and demanding consumer environments," says Jouko Päivinen, Vice President, Customer Operations, Nokia Networks. "This is why our long-term co-operation with CSL is of key importance to us. Nokia is extremely pleased to see this relationship continue with Nokia playing a major role in CSL's plans for success in 3G."
CSL is a pioneer in the mobile communications market in Hong Kong, launching its mobile services early in 1983 and today operates a world-class GSM/Dual Band network and a TDMA mobile network. The company became the world's first operator to introduce High Speed Circuit Switched Data (HSCSD) service in May 2000, and, in November 2000, it launched the first commercial General Packet Radio Service (GPRS) in Hong Kong.
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