SK Telecom Co. (Seoul, South Korea) requested on Wednesday that regulators sanction KT Corp (Seongnam, South Korea) and LG Uplus (Seoul, South Korea) for allegedly hurting competition with excessive handset purchase subsidies.
SK Telecom, which controls more than half of the country's mobile phone market, asked the Korea Communications Commission to probe marketing activities by KT Corp and LG Uplus, to which it lost a net 23,800 customers from the beginning of May to June 14.
"(We) need prompt and selective measures aimed at operators promoting excessive competition in a bid to achieve the government's goal of curtailing marketing costs and boosting investment," SK Telecom said in a statement.
The complaint comes after SK Telecom announced a mobile tariff savings plan worth $696 million annually earlier this month as it came under pressure from the government trying to tame high inflation.
It said KT was spending as much as $684 in subsidies per customer to lure new smartphone subscribers.
KT had no immediate comment and officials at LG Uplus were not available for comment.
(Reporting by Miyoung Kim)
Historically, network infrastructure is the most expensive component in a mobile operator's overall CAPEX, which holds true in China, the biggest and fastest growing 4G market in the world. This report provides an in-depth overview of market revenue, equipment shipments, and the competitive landscape for carriers. Buy now
This report assesses the overall Sensor marketplace for IoT, evaluates leading vendors, identifies key IoT functionality, and forecasts the market for sensor adoption and revenue. Key areas covered include Sensor hardware and software design, protocols for Wireless Sensor Networks, as well as Sensor Data Fusion, Multi-sensing and Soft Sensors. Buy now