February 27, 2013
Mobile World: South Korea warns of 4G curse
In a telling aside at Barcelona's Mobile World Congress, the boss of South Korea's biggest mobile network has warned his European counterparts that the shift to 4G might not bring them the riches hoped for. The BBC reports.
Our European colleagues complain that the explosion in data has not fully happened for them, that it did not come to reality," Suk-Chae Lee, head of KT Corp, told Reuters.
"In Korea, they are data crazy. We have unprecedented demand. We cannot handle it. But the issue we have is that they are not willing to pay enough. So, the fundamental problem is, can we make any money out of it?
"LTE is very beneficial to the people but still the big question remains: can we go on? It is a blessing to customers but it is a curse on the operators.
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