SK Telecom (Seoul, South Korea), the top mobile carrier in South Korea, said on Monday it beat rival KT Corp in an auction for the license for the 1.8 GHz spectrum band for $920 million, more than double the initial bid price.
The auction for the so-called "golden spectrum" for next generation Long Term Evolution (LTE) services was hotly contested by the two mobile operators struggling to grab a bigger share of the growing smartphone market.
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On Wednesday, Steve Jobs resigned as Chief Executive of Apple Inc (Cupertino, Calif., U.S.A.) without specifying a reason. Tim Cook, the company's Chief Operating Officer, who has been standing in for Jobs during his medical leave, has been named the new CEO. Jobs will serve as Chairman.
Jobs has spent 14 years as CEO at Apple, a company he brought back from the brink of bankruptcy and turned into the world's largest technology corporation.
The telecom industry has undergone drastic changes over the last few decades, from a service only able to deliver voice capabilities, to a service where voice is one of a large number of features delivered across a network. These changes have accumulated to the point where another major change is imminent, a change to an all-IP (Internet Protocol) infrastructure. This change is already happening, but with TDM (Time Division Multiplexing) technology still being used for the majority of phone calls today, it may be further away than first anticipated.
On Tuesday, it was reported that Sprint Nextel (Overland Park, Kan., U.S.A.) would begin selling the next version of the Apple Inc (Cupertino Calif., U.S.A.) iPhone in mid-October, making it the third U.S. telecom provider to distribute the smartphone.
Last week, another major telecom provider reported talks with Apple over potentially selling the iPhone. China Mobile (Beijing, China) said it would like to start selling the iPhone soon to accelerate uptake of high-end 3G services as it reported first-half profit at the top end of expectations.
Telecommunications service provider Telecom Egypt (Cairo, Egypt), and equipment vendor Alcatel-Lucent (Paris, France), have announced that the TE-NORTH Cable System, provisioned with 40 Gigabit per second (40G) wavelengths across the Mediterranean, is in service. TE-NORTH is a long submarine telecommunications cable linking France and Egypt, and is the first Mediterranean cable network to provide commercial service using 40G technology.
Sprint Nextel (Overland Park, Kan., U.S.A.) will start selling the next version of the Apple Inc (Cupertino, Calif., U.S.A.) iPhone in mid-October, according to a report in the Wall Street Journal that cited unnamed sources.
This would make Sprint the third U.S. operator to become a cellphone distributor for Apple. AT&T Inc and Verizon Wireless already sell the iPhone 4.
Apple Inc, Nokia and Qualcomm Inc are among several technology companies pondering bids for wireless technology manufacturer InterDigital Inc (King of Prussia, Pa., U.S.A.), sources familiar with the situation said. The auction is expected to be heavily contested as giant technology companies fight to shore up patent portfolios.
Shares in InterDigital, which has a market value of about $3 billion, leaped as much as 12.2% on the news, but it quickly backtracked and was up $4.38 or 6.8% at $68.41 in afternoon trade.
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On Tuesday, AT&T revealed both the launch date and data pricing for its first two LTE devices. The USBConnect Momentum 4G and the Mobile Hotspot Elevate 4G will be launched on August 21, 2011. According to AT&T, the monthly data rate for 5 gigabytes of data is $50 with a $10 charge for any addition data consumed.
The two LTE devices will operate on the 4G LTE network. According to AT&T, if a customer moves outside the LTE network the device will default to the HSPA+ network, which provides 4G speeds that are up to four times faster than mobile broadband speeds.