South Korea’s telecom regulator, the Korea Communications Commission (KCC), has rejected a bid from Korea Mobile Internet (KMI) to roll out a mobile network, according to the JoongAng Daily.
KMI, which consists of several MVNOs, reportedly failed to meet…
South Korea’s telecom regulator, the Korea Communications Commission (KCC), has rejected a bid from Korea Mobile Internet (KMI) to roll out a mobile network, according to the JoongAng Daily.
KMI, which consists of several MVNOs, reportedly failed to meet the financial and technical requirements for a licence. Back in November last year, the company saw another licence application rejected.
According to the newspaper citing government data, South Korea is already crowded with three mobile operators: SK Telecom, which controls about half of the country’s mobile phone market; KT Corp, which controls a third; and LG U+ the remaining share.
KMI and KCC could not be reached for comment before the press deadline.
