mobiletech
LG Telecom to Lose Korean 3G License?
Filed in archive Operators by tom on July 19, 2006
LG Telecom to Lose Korean 3G License?
According to a report on Engadget, south Korea's Ministry of Information and Communication is set to revoke LG Telecom's 3G license. According to the original license terms set in place when LG Telecom bought the 2Ghz band license in 2001, any 3G service had to be in place by the end of last month, something which has not happened.
At a press conference early this month, (LG CEO) Nam (Yong) officially announced LG Telecom was unable to abide by the pledge for some reason. Instead, he promised to upgrade its current 1.8GHz network.

'We opted not to invest in the 2GHz bandwidth for the time being, considering the technological trends in the global wireless market,' Nam said at the time.
According to South Korea's regulations, the CEO of a 3G negligent company must step down, although it's likely that Mr Nam will move to parent company LG Electronics, or remain with LG Telecom in the honorary Vice Chairman position.

Permalink: LG Telecom to Lose Korean 3G License?
Tags: lg  telecom  3g  mobile  wireless  lose+korean  korean+license  telecom+lose 
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/29697
img Addthis img Ask img Blinklist img del.icio.us img Digg img Fark img Facebook img Google img Lycos img Ma.gnolia Add this page to Mister Wong Mr Wong img Netscape img Netvousz img Newsvine img Reddit img StumbleUpon img Slashdot img Tailrank img Technorati img Wink img Yahoo

Vote for LG Telecom to Lose Korean 3G License?:

  • Currently 7.50/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 7.50 out of 2 vote(s) cast.
Subscribe
Share It
RSSrss
See all blog subscribe options
Google google
What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter

TwitterFollow us on Twitter!