SK Telecom to Spend $924 Million for 4G Spectrum in Korea
This article is for subscribers only.
SK Telecom Co., the largest mobile-phone carrier in South Korea, won the rights to use a key frequency for fourth-generation phone service for 995 billion won ($924 million) in the country’s first auction of spectrum.
The carrier won 20 megahertz of airwaves in the 1.8-gigahertz frequency band, the Korea Communications Commission said in a statement today. KT Corp. dropped out of the race because the bidding was too competitive, the Seongnam, South Korea-based carrier said in a statement. KT was awarded 10 megahertz in the 800 megahertz range for 261 billion won, according to the statement by the company.