South Korean Networks Face Sanctions Over Excessive Handset Subsidies
Published on: 17th Feb 2014
Note -- this news article is more than a year old.
By: Ian Mansfield
South Korea's telecoms regulator has proposed sanctions on the country's three mobile networks for breaching regulations that limit the size of subsidies that can be offered to consumers.
The latest sanctions, if approved by the ICT Ministry will be just the latest in a long succession of sanctions as networks seek to increase their market shares in the competitive market.
According to media reports, suspensions should last over 30 days and should be served concurrently by two of the mobile networks, which is unlike last year when suspensions were applied incrementally.
The names of the two networks affected by the suspension have not been released yet, and the third network is also expected to face a less serious sanction of some sort.
After the findings of its research into handset subsidies are released in March, the regulator is also expected to tighten rules on the company that catalyzed the competition.