KMI set to become Korea's fourth carrier

Dylan Bushell-Embling
07 Feb 2014
00:00

Korea Mobile Internet (KMI) is on track to finally getting its wish of becoming South Korea's fourth national wireless carrier.

The Ministry of Science, ICT and Future Planning has announced it has almost completed the selection process for the award of a new mobile license, the Korea Timesreported.

The final decision on the selection process could be announced late this month or in early Mach, an official told the paper.

The KMI-led consortium consists of a group of MVNOs that plan to roll out TD-LTE services in the nation. KMI itself has been offering wireless broadband services based on the homegrown WiBro standard.

KMI submitted an application for a TD-LTE license late last yearbacked by capital worth around $800 million.

KMI has applied multiple times in recent years to secure a mobile license, with no success so far. Previous bids were rejected after failing to make it through the screening process.

But now the operator plans to launch TD-LTE services by April, offering an unlimited mobile data service to customers for 30,000 won ($28) per month.

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