Word: telecoms
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...high-speed broadband pipes needed to load their complex graphics. But South Korea's government has been encouraging IT businesses like networking, software development, system integration, content business, B.-to-B. portal operations and database mining. It has slashed red tape for Internet start-ups and deregulated the telecom industry. Result: Internet-access rates in South Korea were dirt cheap just as the Net started to take off. Today more than 3.5 million homes have high-speed Internet access, more than double the number five months ago. The figure in Japan, by contrast, is a puny 640,000 for homes...
...stock options she had to leave behind. (Smart move. Lucent's stock collapsed this year, contributing to CEO Rich McGinn's recent unemployment.) Alex Mandl got $20 million up front and 18% of the company when he left the No. 2 post at AT&T to run the telecom start-up Teligent. Others landing huge pay deals include Jamie Dimon at Bank One, Joseph Nacchio at Qwest and C. Michael Armstrong...
...future. In the past quarter-century, the economy has stagnated behind varying degrees of industrial protectionism that left the country undercapitalized, uncompetitive and underemployed. The country of 1 billion people has only 4.3 million PCs; the phone network is Third World at its worst. India's capacity for international telecom traffic will this year reach 780 megabits per second, a mere 1.4% of what's available in China. E-commerce is but a distant dream...
...years, the southern city of Bangalore has been a high-tech oasis where Indians write code for international tech giants and export software to the world. But the Net promises to push the IT boom into India's mainstream. Cities like Hyderabad, Bombay and New Delhi are promising telecom links and tax holidays to prospective business investors. "India always had the talent, but with the Internet, we've found the delivery mechanism to transport this talent around the globe," says Prakash Gurbaxani, who set up his own dotcom consultancy, 24/7 Customer.com five months ago in Bangalore...
...million cable connections--compared with 20 million telephone lines; 2 million people in Bombay have high-speed access to the Internet, often by way of a television set, not an expensive PC. (There are 75 million TVs in India.) A slew of companies, including Enron and Hughes Telecom, are building fiber-optic networks to boost those numbers...