Remove Mobile Remove Retail Remove Telecoms
article thumbnail

South Korean telcos accused of collusion, may face fines of $4bn

Total Telecom

News SK Telecom (SKT), KT, and LG Uplus allegedly coordinated to keep their sales incentives at the same level This week, South Korea’s Fair Trade Commission (FTC) has announced a preliminary decision to impose fines of up to $4.1 billion on the nation’s three telco giants. billion and $1.63 billion, KT between $750.7 million and $1.3

article thumbnail

Korean Telecom Giants Face $4.1B Fine Over Alleged Collusion

VoIP Review

South Korea’s Fair Trade Commission (FTC) announced a crucial development in its investigation of the country’s top telecommunication operators, SK Telecom (SKT), KT , and LG Uplus. The allegations suggest these telecom giants might have colluded to maintain consistent sales incentives for mobile phone retailers from 2015 to 2022.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

UScellular sells spectrum to Verizon in $1 billion deal 

Total Telecom

News The transaction is part of UScellular’s ongoing efforts to monetise its remaining spectrum assets, having sold the majority of its wireless operations to T-Mobile earlier this year UScellular has reached a $1 billion agreement with Verizon to sell part of its spectrum holdings, the company has announced. said said LeRoy T. “In

Telephone 203
article thumbnail

Vocus to acquire TPG’s fibre and fixed network assets for $3.35bn 

Total Telecom

This arrangement secures long-term network planning and operational stability for both companies. “TPG will retain its mobile radio network infrastructure, Consumer and EGW mobile business and its Consumer and small office/home office fixed retail business, including fixed wireless,” according to a TPG statemen t published today.

Network 250
article thumbnail

BT says Labour’s budget will cost company £100m 

Total Telecom

In response, CEO Allison Kirkby outlined several measures to mitigate this impact, including potentially passing costs on to mobile and broadband customers. Reported profit before tax sits at £1 billion, down 10%.

Telecoms 257
article thumbnail

CMA questions Vodafone–Three merger after second probe

Total Telecom

Specifically, the investigation has raised three key issues: Potential price increases: The CMA suggests that tens of millions of mobile users could face higher bills or receive reduced services, such as smaller data allowances, as a result of the merger. Those most affected are likely to be customers already struggling with affordability.

Retail 189
article thumbnail

Vodafone and Three defend merger amid CMA warnings 

Total Telecom

Following a second probe earlier this month, the CMA once again raised concerns that the deal could lead to higher prices and reduced service quality for millions of UK mobile customers. On the wholesale front, they will offer more access to their network for mobile virtual network operators (MVNOs) to ensure better deals for customers.

Retail 169