Company also in a bidding war to acquire the greenfields fibre company Opticomm.
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Company admits it has underinvested for the past two years as it now seeks to streamline its product set.
KT's 5G network will be ready for use in 85 cities across South Korea, including Seoul, by the end of the month. This includes 5G service coverage throughout various major national highways and high-speed railways.
It will prioritise the upgrade of mobile towers in rural areas where there are high numbers of school-age children that cannot access the internet.
Following ACMA investigations, 31 telcos face enforcement action for failing to meet the new NBN standards for complaints-handling.
They believe a similar price structure will provide a more stable environment for access seekers as customers migrate to the NBN.
Charter Communications, LTD Broadband, Rural Electric Cooperative Consortium, and SpaceX were the biggest grant recipients from the auction.
The locations to receive 4G coverage are either Indigenous communities or tourist destinations.
The company expects FY20 to be the peak year for experiencing market erosion from the NBN rollout.
The links will run from Fox Glacier to Lake Hawea, and from Te Anau to Milford Sound.