February 12, 1998 (SEOUL) -- Maxon Electronics Co., Ltd., a Korean producer of telecommunications devices, will export $150 million worth of CDMA-based wireless local loop (WLL) handsets over the next three years to Nortel Corp.

CDMA refers to the technology of code division multiple access.

Specifically, Nortel selected Maxon as an original equipment manufacturer (OEM) for WLL handsets with a frequency range of 800MHz to 1,900MHz.

The WLL handsets are expected to be popular, industry observers said.

Maxon's handsets have a three-hour continuous call function with a rechargeable battery. Maxon will supply the products under Nortel's Proximity brand name, and they will be marketed through Nortel's sales network.

Global demand for WLL phones is rising, especially in eastern Europe due to low installation costs.

And because demand is growing for WLL handsets in Southeast Asia, Maxon said it is holding talks with companies in Indonesia, Vietnam, Myanmar, Thailand and the Philippines to export its products.

(Maeil Business Newspaper, Korea)