Mongolia Telecom Plans $500 Million Investment in 4G Network
Published on: 18th Feb 2014
Note -- this news article is more than a year old.
Mongolia Telecom is reportedly looking at spending USD500 million on an initial 4G network deployment.
The government had previously signed an agreement to deploy an LTE network with South Korea's KT Corp.
Mongolia Telecom claims that a quarter of customers in the country are using 4G capable phones, which seems unusually high if the deployment is LTE, could could be correct if instead they are talking about HSPA+.
The Mongolian National News Agency reported that the deployment would be simply the first phase in a project that is estimated to come in at nearly USD2 billion.
The report suggested that KT Corp is willing to fund the first phase of the rollout. The intention is to deploy the network coverage in the capital city within 18 months, and throughout the county within four years.
KT Corp bought 40 percent of the landline operator, Mongolia Telecom in 1995. Just under 5.6% of the shares are listed, and the rest remains held by the government.
On the web: Mongolian National News Agency