Feeds

SK nixes LG 3G license

Government boots out CEO for heel-dragging

High performance access to file storage

The South Korean government has rescinded LG Telecom's 3G operator rights and told CEO Nam Yong he must leave his post because of the firm's failure to develop 2Ghz wireless technology.

Reuters reports Korean operators have been reluctant to implement their synchronous CDMA licenses while the trend globally has been toward alternative WCDMA technology. The government rejected a bid by LG to license WCDMA in Korea.

LG has said the business case for synchronous CDMA is shaky and the technological support weak.

WCDMA licenses were awarded in 2000 to rivals SK Telecom and KT Corp.

Information and Communication Minister Rho Jun-Hyong said: "The government has decided to cancel LG Telecom's license by respecting its opinion." A statement added that communications laws meant the CEO has to quit.

LG operates the third largest network in South Korea. It was set to pay 1.15 trillion Won ($1.19bn) for its 3G license after striking a deal in May 2002. The government said it will refund around 100m of the 220m Won LG has handed over so far.®

High performance access to file storage

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
Skype pimps pro-level broadcast service
Playing Cat and Mouse with the media
Beat it, freetards! Dyn to shut down no-cost dynamic DNS next month
... but don't worry, charter members, you're still in 'for life'
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.