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Korea Telecom to merge with KTF?

Categories: General
By: , IntoMobile
Wednesday, July 23rd, 2008 at 12:05 PM

The head of Korea Telecom, the country’s top fixed-line and broadband provider, has said full integration with its mobile unit, KTF, would be “desirable”. The deal is still still far from being closed, and the company’s spokesman Lee In-won said: “We are still considering it and no decision has been made on details such as timing.”

Korea TelecomApparently, both investors and analysts have long expected KT to absorb KTF, the country’s number 2 mobile carrier and 53% owned by KT, to better compete with rivals and lead the market with next-gen bundled services. The problem, though, is that anti-trust authorities may not like the idea.

While, KT and KTF do offer products that combine mobile services with landline, broadband and Internet TV — similar products will be soon available from the leading Korean mobile operator – SK Telecom. We’ll certainly watch the space, and keep you folks well informed…

[Via: Reuters]

About The Author

Dusan Belic

Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.