15.9 billion) and Smart Communications, Inc. (SMART; Orlando B. Vea, President and Chief Executive Officer; capital: over 8 billion PHP), a Philippine Telecommunications operator, have agreed to promote mutual cooperation including development of next-generation mobile communications system (IMT-2000) and have signed a Memorandum of Understanding (MoU) to that effect. This MoU is regarded as a first step toward mutual collaboration on Wideband CDMA (W-CDMA), and both companies intend to exchange W-CDMA technologies.
| IMT-2000 CDMA W-CDMA | International Mobile Telecommunications-2000 Code Division Multiple Access Wideband Code Division Multiple Access |
Attachment
Overview of SMART
| 1. Company Name: 2. Headquarters: 3. President & CEO: 4. Main Shareholders:
6. No. of Employees: 7. Sales (1996): 8. Net Income (1996): 9. No. of Subscribers: 10. Market Share: | Smart Communications, Inc. Philippines, Metro Manila Orlando B. Vea First Pacific Corporation (Philippines) 1991 2,000 2.3 billion Philippine pesos 255 million Philippine pesos Mobile:620,000 (As of Dec. 1997) Mobile:45% (As of Dec. 1997) |
