iRiver to develop WiFi Mp3 Player

ReignCom Ltd., the world’s largest MP3 player maker, has plans to develop a WiFi based MP3 player under the iRiver brand. One week ago today, SoniqCast launched their 1.5GB Aireo WiFi MP3 player with built-in FM receiver and transmitter, the device will cost around $300.

ReignCom has formed an alliance with KT Corp., Korea’s biggest fixed-line telecom operator, and has plans to offer location based hotspots for MP3 downloads via the wireless player.

KT has over 12,000 hotspots nationwide and plans to add 8,000 more wireless-fidelity zones by the end of 2004.

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