www.WirelessFederation.com/news: LG telecom got antitrust approval from Fair Trade Commission (FTC) to merge its three local telecoms subsidiaries- LG Dacom, LG Telecom and LG Powercom.

The South Korean antitrust regulator was satisfied after examining the proposal saying that the tie up is unlikely to harm competition either in the fixed line or wireless sectors.

FTC also claimed that after the merger, LG units will compete more effectively with SK Telecom and KT Corp, the rival companies. FTC also said that it would not impose any conditions on the merger but at the same time, it will monitor the market conditions and take strict actions against any illegal activities.

According to the proposal, that got the approval of the LG shareholders, LG Telecom will absorb both LG Powercom and LG Dacom on 1 January 2010. KT Corp merger with its own wireless affiliate, KT Freetel, in June 2009 will follow this merger.