First payment of KRW 43 billion for 28 GHz spectrum completed
Plans to attract additional investment of 200 billion won by next year
(Seoul = Yonhap Infomax) Reporter Kim Hak-seong = ‘No. 4 mobile carrier’ Cam
Stage
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Previously, the registration of a corporate organization was completed on the 19th of last month.
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StageX CEO Seo Sang-won presents business strategy[출처: 연합뉴스 자료사진]
StageX also revealed the members of the consortium on this day.
Members include Step Five, the largest shareholder, which recently completed its spin-offs of Kakao, Yanolja and Douzone Bizon as shareholders, Yonsei University Medical Center (Dismissal Hospital), Korea Institute of Advanced Science and Technology (KAIST, KAIST), Intellian Technologies, and Foxconn International as partners of Holdings, Shinhan Investment & Securities, etc.
Cam Five, the representative representative of the consortium, leads the development of technologies and services necessary for the telecommunications industry.
Yanolja is building a 28 GHz hotspot focused on international airports and connecting telecom roaming and travel-related content.
We will jointly develop corporate-specific products with Douzone Bizon and expand them to include additional services.
Yonsei University Health System and KAIST will participate as partners in the 28GHz innovative service demonstration project.
We are discussing 6th generation (6G) mobile communications services with Intellian Technologies, a satellite Internet company.
Foxconn International Holdings, famous as an iPhone manufacturer, is working with StageX to launch a medium to low price terminal that supports the 28GHz band.
Shinhan Investment & Securities manages StageX’s financing. The specific form uses a fund that takes into account the separation of finance and industry.
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In addition, it has started investment discussions with multiple global investors since last month, and plans to complete attracting 200 billion worth of investment before launching the service next year.
Seo Sang-won, CEO of Platform
hskim@yna.co.kr
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This article was published at 18:42 on the Infomax financial information terminal.
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