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IMT-2000 Auction to Be Delayed
Posted: 18-Jun-2001 [Source: The Korea Herald]

[LG Telecom's move to establish a consortium is chilled by the Korean government's move to slow down the selection process for the country's final 3G operator.]

by Kim Deok-hyun -- "Information and Communication Minister Yang Seung-taik said Friday at the National Assembly that the government would not rush to select the third and last 3G or IMT-2000 service operator.

"Yang's announcement is viewed as having a chilling effect on LG Telecom's move to bid for the auction through an alliance probably with Telesystem International Wireless (TIW) of Canada. LG said around 900 local companies submitted applications for participating in its IMT-2000 consortium.

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