Korea Thrunet Secures Int'l Bandwidth License
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Korea broadband service provider Thrunet [Nasdaq: KOREA] Friday announced it has acquired an International Private Leased Circuit (IPLC) license, which secures its supply of international bandwidth and is expected to strengthen its leased line and broadband Internet business.
The license is expected to allow Thrunet to enter the IPLC market by offering customers the transmission of voice, data and images via satellite or submarine cable in order to connect to communications facilities to other countries, the company said Monday in a statement.
"We expect to secure international bandwidth for our broadband Internet access business under favorable terms in order to keep ahead of the rapidly increasing international bandwidth requirements," said Charles Rim, chief financial officer.
Although the license also allows the company international cable landing rights, Thrunet said it has no plans to establish a landing station at this stage.
In addition, the license is expected to allow Thrunet to obtain additional revenue by early 2002 through leasing international bandwidth to local ISPs.
"This will strengthen our competitive positioning against domestic leased line service providers such as Korea Telecom, Dacom who have been providing both international and domestic leased line services," Rim said in the statement. Sheila Lam is a reporter for asia.internet.com