Light Reading
As Ericsson agrees on green objectives with S. Korean President, it refutes reports it will pump $1.5 billion into Korean R&D strategy

Ericsson Denies $1.5B Korean Investment

Catherine Haslam
News Analysis
Catherine Haslam
7/13/2009
50%
50%

Ericsson AB (Nasdaq: ERIC) has denied reports it is set to invest $1.5 billion in research and development (R&D) in South Korea during the next five years and increase its headcount in the country by more than 1,000 percent.

The reports surfaced following a meeting between South Korean President Lee Myung-bak and an Ericsson leadership team headed by CFO and CEO in waiting Hans Vestberg. (See Ericsson Names New CEO and Ericsson Cooperates on Green.)

The two sides met in Sweden and agreed on areas of collaboration to develop technologies that would create a green ecosystem in Korea. These include mobile broadband technologies, such as LTE and 4G solutions, and machine-to-machine applications.

However, the two sides appear to have come away with different views on the specifics of their cooperation.

In an official statement from the Presidential office, the Korean government states that Ericsson plans to invest 2 trillion Korean won (US$1.52 billion) during the next five years, and increase its headcount in South Korea from 80 to 1,000. But this has been denied outright by Ericsson.

"The information is not accurate," an Ericsson spokeswoman tells Light Reading Asia. "We have no specific plans on investment," she continues, instead saying that the meeting was a high-level discussion to identify common thinking and establish areas of cooperation, and that the meeting had been successful in achieving that goal.

Ericsson is, however, establishing a new center in South Korea for the development and testing of new applications for a green economy.

The Korean government states that the R&D center will be used for joint research with local companies, with Ericsson using Korea as a test-bed for green technology and fourth-generation wireless developments.

The spokeswoman confirmed that Ericsson is looking to identify synergies with Korean companies, such as those that are highly advanced in chipset development and robotics, but could be no more specific on the details at this stage.

The Korean government statement concludes that cooperation between Korean WiBro technology developers and Ericsson's LTE (Long Term Evolution) R&D team will help the two sides lead in the development of 4G wireless.

WiBro is Korea's version of WiMax that has been deployed by the country's two major mobile operators, KT Corp. and SK Telecom (Nasdaq: SKM). However, both have struggled to attract customers for their WiBro services. (See KT Tightens Purse Strings and WiMax Deployments Hit by Downturn.)

By contrast, the two carriers' HSPA (High-Speed Packet Access) networks have been much more successful, attracting more than 19 million subscribers, about 41 percent of the total mobile market, by the end of the first quarter 2009, according to Wireless Intelligence .

This has led to retrospective attempts to converge the technologies, such as the development of an integrated WiFi, WiBro, and HSPA handset by KT, as reported by the Korea Herald.

— Catherine Haslam, Asia Editor, Light Reading

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View
Educational Resources
sponsor supplied content
Educational Resources Archive
Flash Poll
From The Founder
It's clear to me that the communications industry is divided into two types of people, and only one is living in the real world.
LRTV Interviews
CenturyLink: Building the Case for NFV

12|19|14   |   02:14   |   (0) comments


At the 2020 Vision Executive Summit, James Feger, VP, Network Strategy & Development at CenturyLink, talks about how the US operator is approaching virtual network functions from an operational and business case perspective.
LRTV Interviews
Liberty Global Sees Business Goldmine

12|18|14   |     |   (0) comments


Steen Sorensen, VP of business services for Liberty Global, explains where the giant international MSO sees growth potential.
LRTV Documentaries
EE: The Road to 5G

12|16|14   |   16:02   |   (1) comment


Andy Sutton, the principal network architect at UK mobile operator EE, explains how his company is using Wembley stadium as a wireless test bed and how that's helping EE to plan the evolution to 5G.
LRTV Huawei Video Resource Center
Highlights of Huawei's NFV Open Cloud Forum 2014

12|16|14   |     |   (0) comments


Huawei hosted its inaugural NFV Open Cloud Forum during the SDN & OpenFlow World Congress 2014 in Düsseldorf, Germany. The Forum brought together technology thought leaders, senior executives and telecom professionals from global carriers, industry associations, as well as other partner companies in the ecosystem, to exchange views on and collectively explore how ...
LRTV Custom TV
Realizing Operators' Digital Vision

12|16|14   |   5:23   |   (0) comments


Leveraging technology is fundamental to digital transformation but understanding customers and serving them really well is at the heart of digital businesses. TM Forum lists the following as the strategic pillars of the digital business: business agility and rapid innovation, operational agility and effectiveness, IT and data centricity, plus customer centricity. ...
LRTV Documentaries
US Cellular Injects Analytics Into LTE

12|16|14   |   2:57   |   (1) comment


US Cellular's Mario Vela explains how the operator uses analytics for network planning and what comes next as the carrier looks to eke more value out of its metrics.
LRTV Interviews
How Cox Biz Plans to Keep Growing

12|15|14   |     |   (2) comments


Steve Rowley, SVP of Cox Business, details how the third-biggest US MSO intends to boost its revenues to $2 billion and beyond over the rest of the decade
LRTV Huawei Video Resource Center
Interview With Bill Zhang, Director of SoftCOM Product Management, Huawei

12|15|14   |   2:50   |   (0) comments


Bill Zhang elaborated on Huawei's open philosophy in NFV solution development and network architecture design at the SDN & OpenFlow World Congress 2014.
LRTV Huawei Video Resource Center
Event Highlights: Huawei at SDN & OpenFlow World Congress 2014

12|15|14   |   3:43   |   (0) comments


Huawei joined the 2014 SDN & OpenFlow Congress as one of the key sponsors and contributors. At the event, Huawei reinforced the openness and flexibility of its network infrastructure strategies, and provided updates on its SDN and NVF innovations. Through participations at the exhibitions, forums and speeches, Huawei encouraged the industry to "think bigger and ...
LRTV Interviews
How Cable Biz Services Hit $10B Mark

12|12|14   |     |   (1) comment


Cable operators reached $10 billion in annual business services revenues by delving deeper into their vertical markets and expanding beyond the smallest firms.
LRTV Documentaries
Mediacom Aims to Test Connected Tractors

12|11|14   |   05:07   |   (3) comments


Cable business service provider is taking its services to the 'agribusiness' sector in partnership with farm equipment specialist John Deere and is getting involved in Gigabit Cities developments.
LRTV Interviews
TWC Business Looks Beyond $3B

12|10|14   |     |   (0) comments


TWC Business Services chief Phil Meeks explains how his unit has reached $3 billion in annual revenues and what its plans are for next year.
Upcoming Live Events
February 10, 2015, The Westin Peachtree Plaza, Atlanta, GA
March 17, 2015, The Cable Center, Denver, CO
April 14, 2015, The Westin Times Square, New York City, NY
May 6, 2015, McCormick Convention Center, Chicago, IL
May 13-14, 2015, The Westin Peachtree, Atlanta, GA
June 9-10, 2015, Chicago, IL
Hot Topics
T-Mobile, BlackBerry Flirt With Reuniting
Sarah Reedy, Senior Editor, 12/17/2014
1-Gig: Coming to a Small Town Near You
Jason Meyers, Senior Editor, Gigabit Cities/IoT, 12/17/2014
Comcast Launches 4K Streaming Service
Alan Breznick, Cable/Video Practice Leader, 12/18/2014
US Carriers, You're Going to Cuba!
Mitch Wagner, West Coast Bureau Chief, Light Reading, 12/18/2014
T-Mobile Lights Up 27 Wideband LTE Cities
Sarah Reedy, Senior Editor, 12/15/2014
Like Us on Facebook
Twitter Feed
Webinar Archive