South Korea’s MNOs and an ISP will jointly build a nationwide 5G infrastructure. The network infrastructure will be shared that will save them an estimated KRW1 trillion (US$935 million) over the next ten years.
SK Telecom, KT Corp., LG Uplus and SK Broadband have agreed to jointly roll out a 5G network. Individual investment details are yet to be worked out. Operators would work out for the investment distribution in the first half of the year.
Jun Sung-bae, a senior ICT ministry official, said its goal is to lead the fourth industrial revolution and to support the early commercialisation of 5G technology.
In January, communications minister Yoo Young-min asked the country’s three major telcos to collaborate on the new technology to meet a previously agreed timeline of first commercial operations in 2019 and nationwide deployment in 2020.