SK Bags Prized Spectrum
5:10 AM -- SK Telecom (Nasdaq: SKM) has outbid rival KT Corp. for the coveted 20MHz block of spectrum in the 1.8GHz band, an investment that will help the South Korean carrier's Long Term Evolution (LTE) plans, reports The Korea Herald.
KT had to settle for a chunk of spectrum in the 800MHz band, while LG Telecom , which offers its services under the U+ brand, landed some capacity in the 2.1GHz band.
SK Telecom and LG U+ launched their LTE services earlier this year, while KT is set to enter the LTE market before the end of the year. (See Korea's LTE Lift-Off.)
— Ray Le Maistre, International Managing Editor, Light Reading