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SK Telecom To Build Up Satellite DMB Unit

By | October 10, 2003

      South Korean mobile carrier SK Telecom [NYSE: SKM] has decided to invest 316 billion won ($274.9 million) by 2010 in its new satellite-based digital multimedia broadcasting (DMB) business. The satellite DMB service allows subscribers to watch digital television channels via handheld devices, including satellite-tuner mobile phones and personal digital assistants.

      SK Telecom and Japanese partner Mobile Broadcasting will launch a broadcast satellite by January 2004. SK Telecom also plans to form a consortium with equipment manufacturers, automakers and terrestrial broadcasters by the end of this year.

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