Pantech enters Peru’s GSM market via supply agreement with Claro

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(Official press release)

Pantech Group, a leading Korean handset manufacturer, has announced that it has signed an agreement with Claro, the second largest mobile service provider in Peru for the supply of its five models of GSM handset – PG-3210, PG-C120, PG-6100,
S100 and A100.

The deal with Claro, the Peruvian affiliate of America Movil, the largest mobile service provider in Latin America underscores that Pantech Group has proven its competency in technology and has successfully addressed the needs of consumers in Latin America.

S. Jay Yim, the Head of Overseas Marketing Division, Pantech Group, said: "Since 2005, we have significantly expanded our operations in Latin America, by strengthening the partnership with the largest and the most reliable mobile service carrier of the region. It shows how important this region is to Pantech. The launch of our GSM handsets in Peru will help us ramp up our business in Latin America."

Hugo Gonzalex, the Head of Commercial Division of Claro Perú, said: "We are glad to work with Pantech that has brought in a variety of customized mobile phones for Perú. We believe the partnership with Pantech will help increase the number of our subscribers and the awareness of our brand."

Pantech targets at 5% share of the Peruvian mobile phone market in 2007 and plans to further expand its presence in Latin America.

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