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SK Telecom must share ‘golden’ bandwidth with rivals

24 Jul 2008

The Fair Trade Commission (FCT), South Korea’s antitrust watchdog, has confirmed that SK Telecom (SKT) must share access to its 800MHz frequency, Telecoms Korea is reporting. The FCT’s initial ruling was made as a result of SKT’s acquisition of a 39% stake in broadband operator Hanaro Telecom, with the watchdog granting provisional approval for the merger in February 2008. Acting on concerns from other players in the market that the merger could limit competition, the FCT demanded that the ‘golden’ frequency be shared as a conditional term of the merger approval. SKT appealed the decision, but a statement from the FCT today has confirmed rivals KTF Corp and LG Telecom must be allowed access to the frequency.

South Korea, LG Uplus, SK Telecom (SKT)

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