A local consortium dubbed Stage X has been selected as the new company to operate the spectrum in the 28 GHz band, effectively becoming the country’s fourth mobile carrier, local news agency Yonhap reported.
Stage X is a consortium integrated by Stage Five, a communications affiliate of tech giant Kakao Corp. and other unidentified companies, according to the report.
Current mobile operators in South Korea are SK Telecom, KT Corp. and LG Uplus.
