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South Korean cellcos submit applications to take part in spectrum auction

20 Apr 2016

South Korea’s three mobile network operators – SK Telecom, KT Corp and LG Uplus – have reportedly filed their applications to participate in the country’s upcoming spectrum auction. According to the Korea Herald, the Ministry of Science, ICT and Future Planning (MSIP) confirmed the development, noting in a statement: ‘The ministry will soon start a reviewing process of the applicants and begin the bidding process later this month.’

A total of five blocks in the 700MHz, 1800MHz, 2100MHz and 2.6GHz bands are set to be offered up via an auction which is expected to raise at least KRW2.6 trillion (USD2.3 billion) in total.

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