The Mongolian government has signed a cooperation agreement with South Korean telco KT Corp to introduce 4G LTE technology in the country, reports local news agency Montsame. KT Corp has held a 40% stake in Mongolia Telecom since the company was partially privatised in August 1995. TeleGeography’s GlobalComms Database notes that the Mongolian mobile market was home to around 3.45 million subscribers at the end of June 2013, translating to a population penetration rate of roughly 120%.
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