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Korean mobile trio apply for 5G spectrum auction

5 Jun 2018

South Korea’s three mobile network operators (MNOs) have applied to take part in the country’s upcoming auction of 5G-suitable spectrum, the Ministry of Science and ICT (MSIT) has confirmed. According to the Yonhap News Agency, SK Telecom, KT Corp and LG Uplus have now submitted their applications ahead of the start of the sale process on 15 June, following which the MSIT will now review their documents and announce whether they have passed the evaluation process this Friday (8 June).

As previously reported by CommsUpdate, last month the MSIT confirmed it will offer up frequencies in the 3.5GHz and 28GHz bands, with 280MHz of spectrum to be made available in the former and 2,400MHz in the latter. A minimum bid price of KRW2.65 trillion (USD2.5 billion) has been set for the 3.5GHz frequencies, which are being offered for use for an initial ten-year period, while a block in the 28GHz band will cost KRW621.6 billion for a five-year licence; all new spectrum will be available for use from December 2018.

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