SEOUL, KOREA – The Korean telecommunications industry this year will cut investment in LTE networks to plough money into projects related to fixed-line services, convergence and corporate customers. Jostling for LTE coverage is virtually over, setting off new competition for better LTE services.
The expected increases in investment in convergence, VoIP phone and e-biz services portend fierce competition ahead in those sectors.
LG U+ plans to invest KRW 300 billion this year in building new Internet data centers (IDC). Currently, LG U+ is running eight IDCs, KT seven and SK Broadband three. Leveraging its data infrastructure, LG U+ plans to ramp up sales in the solution sector including cloud computing for businesses and data control.
KT will make a facility investment of KRW 700 billion (up 40% from last year’s KRW 500 billion) in fixed wireless services including IPTV and facility investment for corporate customers.
SK Telecom also is poised to raise its investment in the B2B solution sector so as to attain its goal of posting annual sales of KRW 1.5 trillion by 2015.
Sean Chung (hbpark@etnews.com)
**Article provided by etnews [Korea IT News]
[Reference] : http://english.etnews.com/electronics/2715655_1303.html
