South Korea sets 5G spectrum auction opening price at KRW 3.3 trillion

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(Telecompaper) South Korea has set the opening price of the auction for 5G spectrum at KRW 3.3 trillion (approximately USD 3.1 billion), Yonhap news agency reports. The South Korean Ministry of Science and ICT announced the decision during a public hearing ahead of the auction. The tender is scheduled for completion in June, with the participation of mobile operators SK Telecom, KT and LG Uplus.
Source: Industry News (syndicated from Telecompaper.com)

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