SKT, KT and LG Uplus all bag new spectrum as auction concludes

3 May 2016

All three of South Korea’s mobile network operators have secured new mobile frequencies following the closing of an auction process conducted by the Ministry of Science, ICT and Future Planning (MSIP).

With spectrum in a number of bands having been put up for grabs, mobile market leader SK Telecom (SKT) was the biggest spender, bidding a total of KRW1.278 trillion (USD1.1 billion) for the ‘D’ (KRW950 billion) and ‘E’ (KRW328 billion) blocks, which together gave it 60MHz in the 2.6GHz band. KT Corp meanwhile secured a 20MHz block of spectrum in the 1800MHz band with a bid of KRW451 million, with the nation’s smallest operator by subscribers LG Uplus being the sole bidder for the 2100MHz frequencies, securing a 20MHz block in that band for KRW382 billion. Notably, a 40MHz block of spectrum in the 700MHz band, for which bidding was to have started at KRW762 million, went unsold.

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