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Bid Price for IMT-2000 Auction May Be Cut
Posted: 31-Mar-2001 [Source: The Korea Times]

[LG still being considered for the remaining license in Korea's suspended 3G auction which has been postponed twice.]

"In the latest reaction to sagging interest in the IMT-2000 bid, the Ministry of Information and Communication has decided to review a line of possible measures aimed at reducing the 1.3 trillion won license fee for both asynchronous operators and synchronous bidders.

"Information and Communication Minister Yang Seung-taik said yesterday the government would consider cutting the third-generation (3G) spectrum license fee.

"We will squeeze out every possible policy to reactivate the next- generation telecommunications service," he said in a meeting with reporters. "High 3G costs will lead carriers to debt downgrades throughout the telecom industry."


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