Asia Express - Data Communications
KT to Spend US$4.3 Bln on Telecom Network Upgrade by 2014
July 30, 2010
South Korea's fixed-line operator KT announced on July 27, 2010 that the company plans to spend 5.1 trillion Won (US$4.3 billion; US$1=1,191 Won) on upgrading fixed-line and wireless networks over the next four years, according to the Korea Times. It is estimated that the scheduled 3G network and 4G LTE (Long Term Evolution) network upgrade projects will cost KT 2.4 trillion Won (US$2.0 billion) and 1.67 trillion Won (US$1.4 billion), respectively. The network upgrade project is also expected to include expansion in wireless network coverage and investments in Wi-Fi, WiBro, and cloud computing or renting servers for data storage and access.

KT's move is reportedly aimed at meeting the increasing demand for data usage. Smartphone subscribers used 21 times more data than conventional mobile phone users, according to KT, and data traffic also grew threefold in the past six months till May 31, 2010.