| Facts |
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End date:
august 25, 2001
Total Price: $2,886billion
Winners:
- KTICOM
(US$994 million)
- SK telecom (US$994 million)
- LG Telecom (US$898)
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South Korea
last updated: December 9, 2001
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December 3, 2001
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The Ministry of Information and Communication in South
Korea has now allocated the 3G spectrum bands that had previously
been a source of disagreement between SK Telecom and the LG-led consortium.
SK Telecom has been awarded the coveted B band (1940 - 1960MHz) and
LG Telecom was left with the A band (1920 - 1940MHz), whilst KT ICOM
gets the C band (1960 - 1980MHz). W-CDMA license holder SK Telecom
had been protesting to the government to award it the B band so it
would be able to offer roaming with DoCoMo's customers and would not
get interference from KDDI's cdma2000 network. LG has complained in
the local press as it had been promised the band as part of the license
and is now saying it would be disadvantaged. |
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August 25, 2001:
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South Korea's Ministry of Information and Telecommunication
has finally awarded the country's third and final 3G license to a
consortium headed by LG Telecom. The license will require the company
to use cdma2000 technology as opposed to the WCDMA being used by the
other two license holders. The consortium will be required to pay
20% of the license fee of US$898 million immediately and the remainder
over the fifteen year term of the license. |
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August 5, 2001:
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South Korea's smallest mobile operator, LG Telecom,
said on Saturday it submitted a bid to win the nation's last 3G mobile
licence. The LG-led consortium would pay a fee of $900 million. Of
that amount, 220 billion won would be paid upfront and the remainder
in installments over 15 years. These terms were set by the government
last week after it rejected LG's request for a cut in the 3G license
fee to 220 billion won from 1.15 trillion won. |
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July 22, 2001:
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South Korean mobile operator LG Telecom and ISP Hanaro
are to team up with Powercomm, the telecoms arm of the country’s state-owned
electricity company, to bid for Korea’s third and final remaining
3G licence. |
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July 25, 2001:
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The director general of South Korea's ministry's telecommunications
team, Suk Ho-ick has announced that the government will accept bids
for the third and final 3G license between August 3rd and 6th. A consortium
lead by LG Telecom and Hanaro Telecom is the only expected bidder,
and the government has rejected a call for the license fee to be reduced. |
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July 3, 2001:
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Information and Communication Minister Yang Seung-taik
announced yesterday the government will give out the last third-generation
operator's license within one month. |
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April 6, 2001:
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South Korea said on Friday it was considering an instalment
payment of 3G mobile licence fees for the third and last 3G operator
to be selected by end-June. It plans to award one more 3G licence
using Qualcomm's cdma2000 technology |
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23rd Feb 01:
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South Korea postponed plans to select a third and final
third-generation (3G) mobile service operator on Friday as doubts
about the only willing consortium clouded its hopes of offering two
competing 3G technologies. The deadline was originally set for the
end of February with a view to selecting one cdma2000 operator by
mid-March. |
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2nd Feb 01:
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South Korea's Hanaro Telecom Inc said on Friday it was
seeking investment from Verizon Wireless, America's largest mobile
telephone company, in its consortium bidding for a third-generation
mobile phone licence (cdma2000). |
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22nd Jan 01:
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South Korea, keen to adopt two third-generation wireless
standards, on Monday announced incentives for providers willing to
use the less popular cdma2000 standard. |
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9th Jan 01:
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The selection of the third licensee for IMT-2000 (International
Mobile Telecommunication) will be delayed from the end of next month
till the middle of March. |
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21st Dec 00:
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Two South Korean telecom firms passed over in a recent
auction for licences to provide 3G mobile service may be offered incentives
to rebid. |
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15th Dec 00:
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The South Korean government has awarded two out of three
allocated third-generation licenses. The Korean Ministry of Information
Communications awarded on Friday licenses to SK Telecom and KT Freetel. |
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