SK Telecom, KT, LG Uplus acquire 5G spectrum for KRW 4 trillion

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(Telecompaper) South Korean mobile operators SK Telecom and KT have won 100 MHz each in the 3.5 GHz band for provision of 5G services, The Korea Times reports citing a statement from the Korean Ministry of Science and ICT. In the same auction, LG Uplus won 80 MHz in the 3.5 GHz band. The final price for the frequencies was lower than initially expected, namely KRW 4 trillion (USD 3.6 billion).  
Source: Industry News (syndicated from Telecompaper.com)

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