What happens when Korea’s biggest wireless carriers and Korea’s biggest phone manufacturers get caught offering bogus wireless phone deals to their customers? Well, according to the Yonhap News Agency, Korea’s Fair Trade Commission gets pissed off and slaps those companies with a huge fine — 45.3 billion won ($40.2 million) — for “price fixing and consumer fraud.”
If the fines are… → Read More
Following up on reports that it was angling for an acquisition of Sprint Nextel, South Korean carrier SK Telecom reportedly said in a regulatory filing that, while its looking into business opportunities in the U.S. (including its recently announced deal with Helio) it really isn’t after a controlling stake in a U.S. carrier. Earlier this week, rumors were circulating that SK Telecom was in… → Read More
SK Telecom will begin building out Wave 2 of the WiBro network in Seoul after successfully sending HD video across the network in real time. Under optimal conditions this new Wave could download at 37.44Mbps while uploading at 10.08Mbps. That’s insanely fast! That means you could download a SD video that’s 700MB in about two and a half minutes. The build out should be finished by… → Read More
There isn’t a whole lot to this one other than a quote from an SK Telecom official regarding the Helio and Virgin Mobile merger rumors. But it leads one to believe that the rumors are true. Make the decision for yourself, though. An SK Telecom official said nothing has been decided yet, but the two companies are “seeking various ways that would be mutually beneficial.” “What is certain is… → Read More
Well, not your phone unless you and your phone reside in South Korea. Here’s another reminder that the Telecom industry in the US just flat out sucks. Pioneering the way is SK, again. Sony Pictures Television just inked a deal for four years to provide SK Telecom subscribers with full-length, VOD movies directly to their mobile phone. It’s fairly inexpensive at $1 to $2 for films like… → Read More
The New York Times is reporting that Sprint has said thanks but no thanks to an offer from Providence Equity Partners and South Korea’s SK Telecom which would, in effect, replace Sprint’s management team and infuse $5 billion into the company. The deal would have also allowed SK Telecom and Sprint to "significantly cut costs by jointly purchasing handsets and examining network… → Read More
Disenchanted with his cellular service, a Korean man decided to take an interesting and unconventional approach to retribution. After trying unsuccessfully to get SK Telecom to fix his device he decided to drive over to SK offices. The problem is, when he got there, he just kept driving — right through the front of the building. Actually, that’s not entirely true. First he parked and… → Read More
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