Who Will Be the 4th Telecom Operator... Frequency Auction's Highest Bid Approaches 80 Billion Won

StageX vs MyMobile
5G Frequency Auction Day 2 Underway
Up to 50 Rounds of Ascending Bids Method

On the 25th, when the frequency auction for selecting the 4th mobile carrier began, Han Yoon-je, Strategy Director of StageX, one of the three corporations participating in the auction, is answering reporters' questions at the IT Venture Tower in Songpa-gu, Seoul. Photo by Jo Yong-jun jun21@

The highest bid on the second day of the frequency auction for selecting the 4th mobile carrier soared to 79.7 billion KRW.

On the 26th, the Ministry of Science and ICT announced the results of the second day of the 5G mobile communication 28 GHz frequency band auction held that day.

The auction proceeded up to the 14th round, with the highest bid reaching 79.7 billion KRW. This is 5.5 billion KRW higher than the minimum competitive price of 74.2 billion KRW.

The third day of the auction is scheduled to resume at 9 a.m. on the 29th.

On the 25th, when the frequency auction for selecting the 4th mobile telecommunications operator began, Yoon Ho-sang, CEO of MyMobile, one of the three corporations participating in the auction, is answering reporters' questions at the IT Venture Tower in Songpa-gu, Seoul. Photo by Jo Yong-jun jun21@

Earlier, on the first day of the auction, the 25th, Sejong Telecom, one of the three companies competing in the bidding, declared its withdrawal.

Accordingly, a head-to-head competition unfolded between the StageX consortium led by Stage Five, which was spun off from Kakao, and the MyMobile consortium led by Mirae Mobile. The highest bid on the first day of the multi-round ascending bid frequency auction was 75.7 billion KRW.

This auction uses an ascending bid method with up to 50 rounds, where in each round, the two companies excluding the winner of the previous round compete in price. The auction continues until two companies withdraw and only one remains. If multiple candidates remain after 50 rounds, the winner will be decided by sealed bidding.

The final winner is required to build 6,000 base stations nationwide within three years from the allocation date and implement measures to avoid frequency mixing and interference.

This content was produced with the assistance of AI translation services.