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5G will hit the profits of South Korea’s MNOs in Q2

The early movers in 5G are not enjoying a price premium especially where several MNOs have launched at the same time. The UK, in which all four operators will offer 5G services within a few months of one another, is already engaged in a pre-emptive price war. In South Korea, where the government mandated that all three MNOs should go live on the same day (April 3 2019), the operators are set to report lower earnings because of the cost of building and marketing 5G, which is not offset by high ARPUs. The three MNOs – KT, SK Telecom and LG Uplus – have been adding subscribers rapidly in a country with seemingly insatiable hunger for mobile data services. They…

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