South Korea has officially revoked the mobile license of Stage X, led by Stage Five, an affiliate of tech giant Kakao Corp. The Ministry of Science and ICT cited failure to meet financial and operational criteria as reasons. Stage X aimed to join established carriers like SK Telecom and KT but struggled to secure necessary capital.
Stage X, poised to become South Korea’s fourth mobile network operator, is now facing the revocation of its license due to financial discrepancies. The government is reportedly on the verge of pulling the plug on the firm’s spectrum rights, according to Yonhap news agency, which cited a statement from the Ministry of Science and ICT (MSIT).
Stage X won South Korea’s fourth mobile operator spot with a $322 million bid for 5G spectrum. Yellow.ai and Infobip have partnered to enhance global customer support through AI-driven voice automation and conversational experiences.
Breezeline invests in a 525-mile fiber network to boost internet for 45,000 homes and businesses in New Hampshire. DARPA, in partnership with Nokia’s Bell Labs and others, aims to develop a sustainable Moon base with a robust telecom network to support future Mars expeditions.
