FTC approves LG telecom’s merger plans in South Korea
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.
Conexus Mobile Alliance unveils logo, welcomes Smart Comms
The Asian alliance of mobile operators unveiled its official name and logo: Conexus Mobile Alliance. Furthermore, Philippine mobile operator Smart Communications has joined the alliance. The alliance, created in April 2006, was formed to enhance members’ competitiveness in international roaming services in their own countries/regions and across Asia-Pacific.In addition to offering roaming services, most member operators have begun providing caller ID and short-code services to their customers as they roam into another member operator’s network. Alliance members are also working with multinational corporate clients to provide international data roaming packages and are considering the possibility of joint procurement to reduce costs.
The alliance’s other members are Far EasTone Telecommunications (Taiwan), Hutchison Essar (India), Hutchison Telecommunications (Hong Kong and Macau), Indosat (Indonesia), KT Freetel (South Korea), NTT DoCoMo (Japan) and StarHub (Singapore). Conexus said it continues to encourage other mobile operators to join the alliance.
Source- telecompaper Wireless Mobile Telecom
