SEOUL, April 1 (Korea Bizwire) — South Korea’s ICT ministry said Thursday it aims to encourage more competition in the local 5G market through the release of affordable mobile data plans from mobile virtual network operators (MVNOs). The ICT ministry said 10 MVNOs in the country, including Sejong Telecom Inc., will release new data plans [...]
Stockholm, Sweden, Sept. 16 (Korea Bizwire) - Sinch AB (publ), a global leader in cloud communications and software for mobile operators, has been selected by Valor Agregado Digital, S.A. de C.V. (VADSA) to provide key real-time charging capabilities for one of the most ambitious MVNO projects in Mexico. With the VADSA partnership, Sinch’s platform will be [...]
SEOUL, March 19 (Korea Bizwire) — The strategy of targeting select age groups with customized smartphones is reaping rewards for wireless service providers. SK Telecom, the domestic market share leader in this category, revealed that it had sold more than 10,000 units of its “Cookiz Mini” smartphones specifically designed for lower-level elementary school students in [...]
SEOUL, Nov. 15 (Korea Bizwire) – South Korean mobile virtual network operators (MVNO) are struggling to survive amid growing competition, with Homeplus set to pull out of the industry later this month. There are fears that Homeplus’s announcement that it was withdrawing its MVNO service Plus Mobile from next month will cause a chain reaction in [...]
SEOUL, Nov. 9 (Korea Bizwire) – The South Korean government and the nation’s leading telecom company, SK Telecom, are having trouble seeing eye-to-eye on the mandate to reduce the cost of phone bills. On November 8, the two sides concluded negotiations over wholesale prices of mobile virtual network operators (MVNO) – low-cost mobile service providers. [...]
SEOUL, April 19 (Korea Bizwire) – Budget telecommunications networks continue to report losses nearly six years after they first appeared following an agreement with major mobile network operators in the South Korean market, despite a growing number of customers. According to the Ministry of Science, ICT and Future Planning (MSIF), the so-called budget telecommunications networks, widely known [...]
SEOUL, March 31 (Korea Bizwire) – Those aged over 40 are the primary clients for handsets provided by low-cost mobile carriers, industry data showed Friday. The budget mobile carriers called “thrift phone operators” refer to mobile virtual network operators (MVNOs) that rent networks from the country’s three carriers: SK Telecom Co., KT Corp. and LG [...]
SEOUL, Feb. 13 (Korea Bizwire) – The number of MVNO subscribers is about to exceed seven million, a sign of market maturation over the past six years. However, due to sluggish growth that began two years ago, businesses are desperately struggling for existence. MVNOs are putting significant efforts into finding a way out by diversifying their [...]
SEOUL, Apr. 29 (Korea Bizwire) – The number of altteul (meaning thrifty in Korean) phone users has increased fourfold in the past year, owed to aggressive marketing campaigns and expanded rate plan options. Korea Post (KP) revealed on April 28 that it totaled 197,733 subscribers in Q1, a 404 percent increase from 39,201 in Q1 [...]
SEOUL, March 24 (Korea Bizwire) – The number of LINE messenger users operated by the Japanese arm of South Korea’s top portal provider Naver Corp. has surpassed the 1 billion mark five years after its launch in 2011, the company said Thursday. The number of monthly active users, or MAU, of the social networking mobile application stood at 215 million globally as of [...]