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Powercomm to join consortium for 3G license
Posted: 01-Aug-2001 [Source: The Korea Herald]

[Powercomm joins consortium looking to bid for the third remaining Korean 3G license.]

"Powercomm, a backbone network operator, said yesterday it would join the consortium bidding for a third-generation (3G) mobile license along with LG Telecom, the country's smallest mobile carrier.

"Powercomm said the company would put between 20 billion and 30 billion won into the consortium on the condition that it would be given over 70 percent of the network lines LG Telecom will need for its 3G service.

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