South Korean mobile operators and an internet service provider will share the costs of 5G infrastructure deployment. Following the completion of the deployment, operators will be able to share this infrastructure, Yonhap news agency reports, citing government officials. The initiative is expected to generate savings of nearly KRW 1 trillion (approximately USD 938 million) over the next 10 next years, as it would keep SK Telecom, KT, LG Uplus and SK Broadband from making redundant investments, according to the Ministry of Science and ICT.
SK Telecom, KT, LG Uplus and SK Broadband will jointly build the nationwide infrastructure, such as base stations for the 5G network. Financial details as to how much each company will pay are expected to be disclosed in the first half of this year, the Ministry also said.