CXR Telecom Wins Korean OK of Licensing Accord

CXR Telecom Corp., a worldwide supplier of systems for the telecommunications and data communications markets, announced that it has approval from the Korean government for its three-year licensing agreement with Woojin Electronics and Telecommunications Ltd. of Seoul.

The agreement guarantees CXR royalty payments of at least $1 million during the next two years for its subscriber line test module, to be used in a new line of digital switches.