Friday, October 26, 2007

[ News, Science / Tech, October 26 2007] Korean tech startup clinches $15 bil. deal to supply high-end handsets to Russia

Node System Co., a small-sized Korean tech startup, said Friday (Oct. 26) that it has signed a major deal to supply $1.5 billion worth of high-end mobile handsets to a Russia company.

The deal reached with NBK Group, a Russian company with close links with its government, calls for Node System to supply a total of 10 million units of handsets under the brand name of "G Phone," a gold-plated handset model priced at around $100, the company said in a statement.

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