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  • Hyundai to Export 1.5M Mobile Phones to U.S., Latin America
  • November 6, 1998 (SEOUL) -- Hyundai Electronics Industries Co. signed contracts to export 1.5 million mobile phones worth US$350 million to the United States and Latin America by the end of 1999.
    Hyundai said Nov. 4 that it will supply 1 million units of its personal communications services (PCS) handsets to mobile phone service providers in North America and Latin America through AudioVox, a U.S.-based retailer.

    "The other 500,000 units are code division multiple access (CDMA) cellular phones, and will be exported to PrimeCo, a U.S.-based telecom company," a company official said.

    "These contracts signal a bright future for exporting our mobile phones," the official added.

    Hyundai said the U.S. CDMA cellular phone market will expand to 8 million units by 2000.

    Related story: Korean Wireless Firms Look Abroad for Market Share

    (Maeil Business Newspaper, Korea)

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    Updated: Thu Nov 5 18:26:12 1998 PDT