KTF to invest KRW1.2 trillion next year

KTF, South Korea’s second-largest wireless operator, has announced it will invest a total of KRW1.2 trillion (USD1.3 billion) in 2007. The company also said it is aiming to double its sales and become the nation’s largest mobile communications player over the next decade. According to the Yonyap newspaper KTF CEO Cho Young-chu told reporters ‘We will concentrate our resources to become the nation’s largest communications firm, more than double annual sales and triple the company’s value by the end of 2015’. The company plans to invest KRW400 billion in expanding the coverage of its HSDPA platform.