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LG Telecom loses its 3G licence

17 Jul 2006

The 3G licence of LG Telecom has been revoked after the Ministry of Communication and Information decided that the cellco had not made enough progress towards launching next-generation mobile services. The decision, taken last Friday, is expected to be formally announced on Wednesday, and could have implications for LG Telecom CEO Nam Yong: under current law any person involved in the acquisition of a licence must step down if that licence is subsequently cancelled.

For LG Telecom’s 3G history, visit:

http://www.telegeography.com/cu/article.php?article_id=13345

For further information about the South Korean mobile market, visit:

http://www.telegeography.com/products/global_comms/index.php

South Korea, LG Uplus

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