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South Korea: KT and SK Telecom won 5G networks auction

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The auction for 100MHz of spectrum in the 3.5GHz bandwidth were sold to SK Telecom and KT, and on the other hand, LG Uplus received 80MHz of spectrum in that same bandwidth.

The total amount that was raised by the auction was a little lower than anticipated with $3.6 billion. The Ministry of Science and Information and communication technology sold by auction 280MHz of spectrum in the 3.5GHz bandwidth and will later sale 2,400MHz in the 28GHz band.

5G networks will certainly reach South Korean as one of its first market to be launched on. The next few months and years will be important for SK telecom and KT.

They want to make sure that South Korea will be “first for 5G” with an expected March 2019 as a deadline to start launching the news high speed network.