SKT, LGT are right to fear KT/KTF merger
A merged KT and KTF could end up dominating South Korea’s telecoms landscape.
Swedish kit vendor Ericsson said Monday it has struck a deal with the South Korean government to set up a 4G research and development facility in one of the world’s most technologically advanced countries.
To say that subscriber take-up of the full IPTV services launched by South Korea’s triumvirate of IPTV operators, KT, SK Broadband (SKB) and LG Dacom, has been underwhelming would be something of an understatement.
A merged KT and KTF could end up dominating South Korea’s telecoms landscape.
After months of speculation, KT (Korea Telecom) has finally said it will merge with its mobile operator subsidiary, KTF (Korea Telecom FreeTel). By bringing the two companies together (KT already owns 54.3 percent of KTF), it opens the door for more fixed and mobile bundled packages, which many analysts see as essential for KT (the [...]
Korea’s fixed-line incumbent is looking to discounted bundled offers, increased network coverage, more devices and Wave 2.0 kit to spur WiBro take-up.
The head of South Korean operator KTF stepped down this week after being arrested on bribery charges.
Local press reports that Young-Chu Cho is alleged to have received payments amounting to more than $2m from equipment suppliers.
A replacement chief executive is expected to be announced imminently.
Mobile carrier KT Freetel is the second largest player in the [...]
Arguably the most advanced mobile market in the world, South Korea is set for more groundbreaking changes in 2008.
Is the wireless industry terminally ill or back on the mend?
Issue 88 February 2002
Featuring:
Country Focus: South Korea
Business: Industry Overview and Consolidation
Technology: GPRS, 3G and Handsets