GLGi: 4G Cellular - The What, Why and When

683 views
591 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
683
On SlideShare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
34
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

GLGi: 4G Cellular - The What, Why and When

  1. 1. GLGi: 4G Cellular - The What, Why and When Pradeep Samudra Independent Consultant                                                                  
  2. 2. <ul><li>Council Member Biography </li></ul><ul><li>Pradeep Samudra, now an independent consultant at Tellabs, was most recently (10/06) a Vice President at Samsung Telecommunications. He has over 25 years of experience in the telecommunications industry. He is a holder of 7 recent patents and 6 pending applications in the area of Wireless/IP/MPLS/ATM routing and is knowledgeable about the  business and technologies of 3G/4G/CDMA/GSM/ WiMAX/xDSL/FTTx/VoIP and IPTV technologies. He is also experienced in developing and marketing broadband and wireless network systems and products. Mr. Samudra has spoken at internationally recognized conferences on topics ranging from market and technology forecasts, planning and deployment. He was a member of the Board of Directors for the prestigious industry standards alliance, ATIS. Recently he managed nationwide VoIP deployment and an IPTV trial in the US. He is knowledgeable in the telecom vertical segment, key players, their strategies, prospects for agents of change and in next-gen wireless technologies such as 3G/3G LTE/Super 3G and 4G, broadband access and core networks. </li></ul>
  3. 3. <ul><li>Table of Contents </li></ul><ul><li>A Quick Review of Cellular Technologies </li></ul><ul><ul><li>Definition of 4G </li></ul></ul><ul><li>Why do we need 4G? </li></ul><ul><ul><li>Technologies, standards bodies and vendors/proponents </li></ul></ul><ul><li>The market dynamic: A global perspective </li></ul><ul><ul><li>Global Trends </li></ul></ul><ul><li>The Time Line for 4G </li></ul><ul><ul><li>Enablers and Inhibitors </li></ul></ul>
  4. 4. <ul><li>About GLG Institute </li></ul><ul><li>GLG Institute (GLGi SM ) is a professional organization focused on educating business and investment professionals through in-person meetings. It is designed to revolutionize the professional education market by putting the power of programming into the hands of the GLG community. </li></ul><ul><li>GLGi hosts hundreds of Seminars worldwide each year. </li></ul><ul><li>GLGi clients receive two seats to all Seminars in all Practice Areas. </li></ul><ul><li>GLGi’s website enables clients to: </li></ul><ul><ul><li>Propose Seminar topics, agenda items and locations </li></ul></ul><ul><ul><li>View and RSVP to scheduled and proposed Seminars </li></ul></ul><ul><ul><li>Receive a daily briefing with new posts on your favorite tickers, subject areas and from trusted Council Members </li></ul></ul><ul><ul><li>Share Seminar details with colleagues or friends </li></ul></ul>
  5. 5. <ul><li>Gerson Lehrman Group Contacts </li></ul><ul><li>John Aronsohn </li></ul><ul><li>Vice President, TMT </li></ul><ul><li>Gerson Lehrman Group </li></ul><ul><li>850 Third Avenue, 9th Floor </li></ul><ul><li>New York, NY 10022 </li></ul><ul><li>212-984-3673 </li></ul><ul><li>[email_address] </li></ul><ul><li>Aaron Liberman </li></ul><ul><li>Managing Director, Sales and Marketing </li></ul><ul><li>Gerson Lehrman Group </li></ul><ul><li>850 Third Avenue, 9th Floor </li></ul><ul><li>New York, NY 10022 </li></ul><ul><li>212-984-3684 </li></ul><ul><li>[email_address] </li></ul><ul><li>Carly Pisarri </li></ul><ul><li>Process Manager </li></ul><ul><li>Gerson Lehrman Group </li></ul><ul><li>850 Third Avenue, 9th Floor </li></ul><ul><li>New York, NY 10022 </li></ul><ul><li>212-750-1435 </li></ul><ul><li>[email_address] </li></ul>
  6. 6. <ul><li>IMPORTANT GLG INSTITUTE DISCLAIMER – By making contact with this/these Council Members and participating in this event, you specifically acknowledge, understand and agree that you must not seek out material non-public or confidential information from Council Members. You understand and agree that the information and material provided by Council Members is provided for your own insight and educational purposes and may not be redistributed or displayed in any form without the prior written consent of Gerson Lehrman Group. You agree to keep the material provided by Council Members for this event and the business information of Gerson Lehrman Group, including information about Council Members, confidential until such information becomes known to the public generally and except to the extent that disclosure may be required by law, regulation or legal process. You must respect any agreements they may have and understand the Council Members may be constrained by obligations or agreements in their ability to consult on certain topics and answer certain questions. Please note that Council Members do not provide investment advice, nor do they provide professional opinions. Council Members who are lawyers do not provide legal advice and no attorney-client relationship is established from their participation in this project. </li></ul><ul><li>You acknowledge and agree that Gerson Lehrman Group does not screen and is not responsible for the content of materials produced by Council Members. You understand and agree that you will not hold Council Members or Gerson Lehrman Group liable for the accuracy or completeness of the information provided to you by the Council Members. You acknowledge and agree that Gerson Lehrman Group shall have no liability whatsoever arising from your attendance at the event or the actions or omissions of Council Members including, but not limited to claims by third parties relating to the actions or omissions of Council Members, and you agree to release Gerson Lehrman Group from any and all claims for lost profits and liabilities that result from your participation in this event or the information provided by Council Members, regardless of whether or not such liability arises is based in tort, contract, strict liability or otherwise. You acknowledge and agree that Gerson Lehrman Group shall not be liable for any incidental, consequential, punitive or special damages, or any other indirect damages, even if advised of the possibility of such damages arising from your attendance at the event or use of the information provided at this event. </li></ul>
  7. 7. Cellular Technologies 2G-4G LTE/SAE – Long Term Evolution (3GPP)/System Architecture Evolution MIMO – Multiple Input/Multiple Output OFDMA – Orthogonal Frequency Division Multiple Access TEF – Technology Evolution Framework (3GPP2/CDG) UMB – Ultra Mobile Broadband 3G = 1st Gen of Mobile Broadband 4G = Wireline Substitutable and Mobile 1. What is 4G? UMB (TEF?) 4GPP?/4G Forum 2009: 802.16m (WiMAX+?) 2007: 802.16e (WiMAX) IEEE (802.16, 20, 22) ? 1M-15M 400K-700K 150K 30K-90 K Capacity (bps) 1X RTT GSM 1998 2G 1X EVDOr0 GPRS/EDGE 2002 2.5G 1X EVDOrA WCDMA 2006 3G nX EVDOrB/C HSPA+/OFDMA 2006-8 3.5-9G OFDMA/MIMO (LTE/SAE?) ? nextG CDMA (3GPP2) GSM/UMTS (3GPP) Year Commercialized
  8. 8. Wireless Technology Evolution to 3.9G CDMA (IS-95A) GSM CDMA (IS-95B) cdma 2000 1xEV-DO Rev 0/A/B UMB 802.20 2G 2.5G 3G 3.5G 3.9G GPRS E-GPRS EDGE HSDPA FDD/TDD TDMA IS-136 WCDMA FDD/TDD TD-SCDMA LCR-TDD HSUPA FDD/TDD HSPA+ LTE E-UTRA IEEE 802.16 Fixed WiMAX 802.16d Mobile WiMAX 802.16e WiBRO IEEE 802.11 802.11g 802.11a 802.11g 802.11n CDMA GSM/UMTS IEEE Cellular IEEE LAN 1. What is 4G?
  9. 9. ITU’s Vision for the Next Gen Access 1. What is 4G?
  10. 10. The Next Gen Vision Distinctions between Portability, Nomadicity and Mobility are eliminated. Connectivity is ABC – Always Best Connected. “ Commercial services in multi-user environments targeting peak data rates approaching 100 Mbps for “highly mobile” users and up to 1 Gbps for nomadic (low mobility or stationery) users ” 1. What is 4G? <ul><ul><li>Any device, any app, any network, any place.. </li></ul></ul>6. Open Access? <ul><ul><li>In cost, performance and power </li></ul></ul>5. Scalable up and down <ul><ul><li>2G/2.5G/3G/3.xG/LTE, WLAN/WMAN/WPAN, DVB, DAB </li></ul></ul><ul><ul><li>Backward compatible </li></ul></ul>4. Seamless roaming among heterogeneous networks <ul><ul><li>May use sensor/cognitive networks </li></ul></ul>3. Reconfigurable/ dynamic service provisionable <ul><ul><li>QoS for peer-peer services </li></ul></ul>2. IP/Web based services <ul><ul><li>Efficient spectrum utilization (up to 10 b/s/Hz) </li></ul></ul><ul><ul><li>Advanced antenna and modulation techniques </li></ul></ul><ul><ul><li>100 Mbps @250 KMph or 1 Gbps nomadic/ portable </li></ul></ul>1. High data rates
  11. 11. Goal: A Unified Architecture 1. What is 4G?
  12. 12. Integration Challenge: The Next Gen Universe 1. What is 4G?
  13. 13. The Service Continuity Challenge 1. What is 4G?
  14. 14. 3G: Some Unfinished Business <ul><li>Financial </li></ul><ul><li>Balance sheet cleanup (debt reduction) </li></ul><ul><li>Capacity Utilization </li></ul><ul><li>Business Models for New Services </li></ul><ul><li>Technical </li></ul><ul><li>Improved coverage (e.g., residences) </li></ul><ul><li>Inter technology roaming </li></ul><ul><li>Inter carrier compensation (esp. data services) </li></ul>The goal of Universal, Ubiquitous, and Interoperable Service at affordable price has not yet been achieved. 1. What is 4G?
  15. 15. So What is 4G? <ul><li>Another incremental increase over 3.9G? </li></ul><ul><ul><li>5  7  14  40 Mbps of HSPA </li></ul></ul><ul><ul><li>Just another “fat pipe”? </li></ul></ul><ul><li>Limited to OFDMA? </li></ul><ul><ul><li>WiMAX+, UMB and LTE are variations (all use OFDMA DL). </li></ul></ul><ul><li>Non-compatible Heterogeneous Networks? </li></ul><ul><ul><li>Non-roaming, closed networks </li></ul></ul><ul><li>Non-IMS based? </li></ul><ul><ul><li>P2P, Web 2.0 domination </li></ul></ul>With a definition not based on IMT-A, 4G can have a difficult time meeting cost and connectivity goals 1. What is 4G?
  16. 16. A Look at Fundamental Requirements 1. What is 4G? Information Entertainment Communication Principal Application <5 s <100 ms <160 ms Required Latency 0.5-10 Mbps 1 - 20 Mbps 10-80 Kbps Typical Bandwidth Files (Speech, HT, Video) Video Voice, Speech 4G Hypertext (HT) Images Voice 3G Low Speed Data - Voice 1G-2G ↓ Network Generation Knowledge Sight Sound Human Sense 
  17. 17. Trends in New Applications 2. Why 4G? Deals with (Vodafone/MySpace, Sprint/GOOG), Android Webco Platform Music and video sharing, with subscribers via ads and P2P E.g., SeeMeTV by 3 allows video uploaders to get paid when their content is downloaded. Revenue sharing Focus shifting from “Major Media Brand - Formal Content” to “User Generated Content” in mobile networks. Photo swapping, mobile social media, one-to-one communications Content MusicStation (UK) from Vodafone: Omniphone’s deal with Telenor (Sweden), 3 (HK), and Vodacom (SA). Presence, MMS, Instant Conferencing, push-to-video, and mobile news Going mass scale as productivity enhancer to move into rank and file employees beyond executives and field sales force. Mobile e-Mail Evolving into “Casual Gaming” with challenges for distribution and revenue collection. Mobile Gaming SMS messaging enables interactivity with other forms of entertainment (e.g., Polling)., Credit purchases. M-commerce/M-Wallet Knee for takeoff : replicate desktop success Mobile Search Business potential viewed with great enthusiasm within dominant and leading markets. Mobile marketing and advertising
  18. 18. Key Business Trends <ul><li>Global Telecom Spending Patterns Realigning </li></ul><ul><ul><li>Early growth in international capex, US capex lag </li></ul></ul><ul><li>Rise in Mobile Data Revenues Internationally </li></ul><ul><ul><li>ARPUs up by 25% CAGR, US [< 5% CAGR] </li></ul></ul><ul><li>50% Rise in Mobile Voice Subscribers [+1.4B] </li></ul><ul><ul><li>International +100%, US +15% </li></ul></ul><ul><ul><li>Emerging markets to remain unsaturated through 2012 </li></ul></ul><ul><ul><li>Mobile broadband subscribers up 275% [+750M] </li></ul></ul><ul><li>New Mobile Services Taking Hold – SK/Japan/Nordics </li></ul><ul><ul><li>Provide impetus to mobile data services </li></ul></ul><ul><li>Operators Consolidating Domestically While Expanding Overseas </li></ul><ul><ul><li>E.g., AT&T Mobility  India, Telefonica (+TIM)  CALA </li></ul></ul>2. Why 4G?
  19. 19. Examples of Mobile Data Services 2. Why 4G? Mobile TV Technology Options Unicast 3G - MachBlue by Orange (UK) Bcast OFDM - Vcast by Verizon (US) Bcast DVB-H - KT, SKT (SK) Cyworld Mobile SKT So. Korea 10 SMS O2 UK 9 EZ Chaku-uta Full KDDI Japan 8 DCMX Mobile Payment NTT DoCoMo Japan 7 MiniCall BubbleTALK Voice SMS Vodafone Egypt 6 Mobile TV Broadcasting 3 Italy 5 Casa FastWEB Vodafone Italy 4 Mobile TV and Video Streaming 3 UK 3 Mobile Broadband (EvDOrA) SprintNextel, VZW USA 2 BlackBerry Email and IM T-Mobile USA 1 Service Operator Country
  20. 20. Projected Capacity Needs - Developed Market (EU) 2. Why 4G?
  21. 21. A Perspective: Wireline Demand 2. Why 4G? Source: The FTTH Council
  22. 22. The Three Horses of 3G 3. The Global Dynamic 802.16m (2009) UMB (2009) LTE (2010) Migration Voice Data Data Weakness Mixed Data WiMAX - OFDMA IEEE Weak Voice cdma2000 - CDMA 3GPP2 Strong Voice UMTS - WCDMA 3GPP 4G Prospects Strength Technology Organization
  23. 23. The Four Horses of 4G APAC – Asia Pacific [SKT, NTT, Vodafone] CALA – Central and Latin America [Telefonica] EMEA – Europe, Middle East, Africa [Vodafone, DT, Telefonica] NA – North America [Sprint, Verizon and AT&T] €€€ - Strong, €€ - Medium, € - Weak 3. The Global Dynamic € ? ? €  x x Motorola NA CALA EMEA UMB WiMAX+ APAC LTE 4G Prospects Portfolio Supplier €€ € €€€ €€ € € €€ €€€ € €€ €€€ €€ €€€  x  Nortel  x  €€ x  Nokia-Siemens € x  Ericsson €€   Alcatel-Lucent
  24. 24. Global Mobile Penetration Rates 81% of the 1.4B new additions will be pre-paid with ARPUs of $6 (vs post-paid ARPU of $37), using GSM (2G) for voice, in effect, delaying bandwidth and service deployments to these markets. 3. The Global Dynamic 2 0 0 6 2 0 1 2 Markets Saturated by/before 2012 Room to Grow Beyond 2012 , July 2007
  25. 25. Major Mobile Operators - Europe 3. The Global Dynamic
  26. 26. Data Service Revenues: A Case Study (Sprint) Sprint’s WiMAX Strategy (“XOHM”) of “Open Access” creates new openings in their walled garden. , Oct 2007 Google is close to a deal with Verizon Wireless and Sprint Nextel over its new mobile phone . An agreement is likely to reached within two weeks for launch of a Google phone in the middle of 2008.  The central feature of the Google handset will be an open operating system that will encourage developers to create apps beyond search, interactive communications and social networking.  (Wall Street Journal Oct 31, 2007) As an open access operator, challenges related to security, privacy and billing are compounded due to complexity of multiple “virtual providers” . Billing options to include flat (advanced payment) or transaction based. By 2012, sales of unsubsidized devices (non-laptop) are expected to contribute significantly to the top line . These include handsets, cameras, printers, Internet tablets, PDAs, gaming and video devices. Elephant in the Room: How to compensate for ICI? (i.e., Network Roaming Agreements*) Mechanisms (e.g., IPSphere) not likely to be in place till ’09-10 * Sprint exited agreement with Clearwire partly due to lack of a viable ICI (Reuters, 11/9/07 ). Key Requisite: “Open Access ”
  27. 27. Accelerators of the 4G Timeline <ul><li>Business Need and Opportunity </li></ul><ul><li>Technology Pull </li></ul><ul><li>Rate of Innovation </li></ul><ul><li>Disruptive Technologies </li></ul><ul><li>Standardization </li></ul><ul><li>New Revenue Opportunities </li></ul><ul><li>Developments in the Wireline World </li></ul>4. The 4G Timeline 700 MHz may prove to be the most significant accelerator of 4G
  28. 28. <ul><li>3G Reaching Maturity and Profitability </li></ul><ul><li>Development and Deployment of IMS and Multi-service Interoperable Networking </li></ul><ul><li>Validation of Radio Technologies </li></ul><ul><li>Cost and Availability of Spectrum </li></ul><ul><li>Migration Cost </li></ul><ul><ul><li>Migrating CDMA2000 to 1xEVDOrA (Verizon Wireless) $6B over 3 years for a nationwide footprint </li></ul></ul><ul><li>Viable Business Model for Service Offering </li></ul><ul><li>Backhaul Capacity </li></ul><ul><li>Issues Related to Content Ownership </li></ul><ul><li>Concurrent Development of the Ecosystem </li></ul>What Can Give 4G a Pause? 4. The 4G Timeline
  29. 29. Beneficiaries of 3G/4G Timeline <ul><li>Mobile Operators (basic service revenue) </li></ul><ul><ul><li>Top 4 - VZW AT&T T-Mobile SprintNextel </li></ul></ul><ul><li>Operators providing service to other verticals </li></ul><ul><ul><li>e.g., healthcare, automotive, retail, etc. </li></ul></ul><ul><li>Vendors providing product related service to operators </li></ul><ul><ul><li>ERIC, ALU, CSCO, TLAB, CIEN, ADC, JNPR, NSN </li></ul></ul><ul><li>Vendors providing professional services to operators </li></ul><ul><li>Application SW providers – mostly startups </li></ul><ul><li>Webcos: GOOG, YHOO, MSFT, Adobe </li></ul><ul><li>Security appliance makers – mostly small pre-/post-IPO. </li></ul><ul><li>Quality/measurement tools maker and user companies </li></ul><ul><ul><li>Agilant, Anritsu, small private co’s </li></ul></ul>
  30. 30. Summary <ul><li>4G Definition Informal </li></ul><ul><li>4G at Hype Stage </li></ul><ul><li>2012-15 Likely Deployment </li></ul><ul><li>Near-term Investment Opportunities </li></ul><ul><ul><li>3G Application Developers </li></ul></ul><ul><ul><li>Spectrum Lessees </li></ul></ul><ul><ul><li>Selected Equipment Vendors </li></ul></ul><ul><ul><li>Global Operators </li></ul></ul>
  31. 31. Backup Slides
  32. 32. Competitive Access Technologies * Typical of the several possible Bold font = strength of the technology High Mobile MAC IP Streaming, HD CDMA/VoIP 2-5 KM 70Mbps Flexible Licensed CDMA/ OFDMA Cellular 3.9G cdma2000 High Mobile MAC IP Streaming, HD TDM/VoIP 2-5 KM 40Mbps Flexible Licensed OFDMA/ FDMA Cellular 3.9G UMTS 70Mbps 1Mbps 70Mbps 4 Data rate* 2-5 KM 2-5 KM 50 M 5 Distance VoIP TDM VoIP 6 Voice Streaming, HD Streaming Streaming, HD 7 Video MAC/IP IP MAC/IP 8 Security MAC TDM/ ATM MAC 9 QoS Mobile Mobile Portable 10 Mobility Medium Medium Low 11 Cost (incr) Flexible Semi-fixed Fixed 3 BW Allocn Licensed Licensed Unlicensed 2 Spectrum OFDMA/ OFDMA T/F/CDMA OFDM/TDM 1 Technology 802.16e/ WiMAX Cellular 3G WLAN 802.11n
  33. 33. WCDMA (3GPP) Performance Roadmap Latency (ms) Capacity DL (Mbps/5 MHz) Peak DL (Mbps/5 MHz) Capacity UL (Mbps/5 MHz) Peak UL (Mbps/5 MHz) <ul><li>100 </li></ul><ul><li>2.5 </li></ul><ul><li>4.3 </li></ul><ul><li>1 </li></ul><ul><li>0.384 </li></ul><ul><li>75 </li></ul><ul><li>2.5 (4-5) </li></ul><ul><li>14 </li></ul><ul><li>1-2 </li></ul><ul><li>~2 </li></ul><ul><li>30-50 </li></ul><ul><li>4-5 </li></ul><ul><li>14 </li></ul><ul><li>~2 </li></ul><ul><li>4-6 </li></ul><ul><li>10-15 10 </li></ul><ul><li>4-5* 8-10 </li></ul><ul><li>14* 25 </li></ul><ul><li>~2 4-5 </li></ul><ul><li>4-6 12.5 </li></ul><ul><li>HSDPA </li></ul><ul><li>Enh UL </li></ul><ul><li>HSDPA Ph2 </li></ul><ul><li>(GRAKE) </li></ul><ul><li>MBMS </li></ul><ul><li>Enh UL Ph2 </li></ul><ul><li>3G LTE </li></ul><ul><li>150 </li></ul><ul><li>1 </li></ul><ul><li>0.384 </li></ul><ul><li>1 </li></ul><ul><li>0.064 </li></ul>2004 2005 <ul><li>R99 </li></ul>2006 2007-8 2009 WCDMA OFDM (Targets) OFDM on 20 MHz gives 100 / 50 Mbps in DL / UL resp. 2x2 ant.enna assumed for the DL * With 2x2 MIMO in DL these numbers will be higher
  34. 34. Cdma2000 Roadmap (Source: CDG)
  35. 35. <ul><li>About GLG Institute </li></ul><ul><li>GLG Institute (GLGi SM ) is a professional organization focused on educating business and investment professionals through in-person meetings. It is designed to revolutionize the professional education market by putting the power of programming into the hands of the GLG community. </li></ul><ul><li>GLGi hosts hundreds of Seminars worldwide each year. </li></ul><ul><li>GLGi clients receive two seats to all Seminars in all Practice Areas. </li></ul><ul><li>GLGi’s website enables clients to: </li></ul><ul><ul><li>Propose Seminar topics, agenda items and locations </li></ul></ul><ul><ul><li>View and RSVP to scheduled and proposed Seminars </li></ul></ul><ul><ul><li>Receive a daily briefing with new posts on your favorite tickers, subject areas and from trusted Council Members </li></ul></ul><ul><ul><li>Share Seminar details with colleagues or friends </li></ul></ul>
  36. 36. <ul><li>Gerson Lehrman Group Contacts </li></ul><ul><li>Nick Goodman </li></ul><ul><li>Vice President </li></ul><ul><li>Gerson Lehrman Group </li></ul><ul><li>850 Third Avenue, 9th Floor </li></ul><ul><li>New York, NY 10022 </li></ul><ul><li>212-750-1878 </li></ul><ul><li>[email_address] </li></ul><ul><li>Christine Ruane </li></ul><ul><li>Senior Product Manager </li></ul><ul><li>Gerson Lehrman Group </li></ul><ul><li>850 Third Avenue, 9th Floor </li></ul><ul><li>New York, NY 10022 </li></ul><ul><li>212-984-8505 </li></ul><ul><li>[email_address] </li></ul>
  37. 37. <ul><li>IMPORTANT GLG INSTITUTE DISCLAIMER – By making contact with this/these Council Members and participating in this event, you specifically acknowledge, understand and agree that you must not seek out material non-public or confidential information from Council Members. You understand and agree that the information and material provided by Council Members is provided for your own insight and educational purposes and may not be redistributed or displayed in any form without the prior written consent of Gerson Lehrman Group. You agree to keep the material provided by Council Members for this event and the business information of Gerson Lehrman Group, including information about Council Members, confidential until such information becomes known to the public generally and except to the extent that disclosure may be required by law, regulation or legal process. You must respect any agreements they may have and understand the Council Members may be constrained by obligations or agreements in their ability to consult on certain topics and answer certain questions. Please note that Council Members do not provide investment advice, nor do they provide professional opinions. Council Members who are lawyers do not provide legal advice and no attorney-client relationship is established from their participation in this project. </li></ul><ul><li>You acknowledge and agree that Gerson Lehrman Group does not screen and is not responsible for the content of materials produced by Council Members. You understand and agree that you will not hold Council Members or Gerson Lehrman Group liable for the accuracy or completeness of the information provided to you by the Council Members. You acknowledge and agree that Gerson Lehrman Group shall have no liability whatsoever arising from your attendance at the event or the actions or omissions of Council Members including, but not limited to claims by third parties relating to the actions or omissions of Council Members, and you agree to release Gerson Lehrman Group from any and all claims for lost profits and liabilities that result from your participation in this event or the information provided by Council Members, regardless of whether or not such liability arises is based in tort, contract, strict liability or otherwise. You acknowledge and agree that Gerson Lehrman Group shall not be liable for any incidental, consequential, punitive or special damages, or any other indirect damages, even if advised of the possibility of such damages arising from your attendance at the event or use of the information provided at this event. </li></ul>

×