StageX pays 43 billion won, 10% of 5G 28GHz frequency allocation fee
Registered as a primary telecommunications business operator and disclosed major shareholders and partners such as Yanolja and Douzone Bizon
‘Real 5G’ slogan… Currently 50 billion secured, 600 billion secured for commercialization in the first half of next year
More than 1 trillion earned is spent on frequency balance and investment in facilities… Business feasibility, etc. Meeting times remain the same
On the 7th, Stage
On this day, Stage
The participants of the consortium who were shrouded in mystery were also revealed. Cam Five, Yanolja, and Duzone Bizon participated in the consortium as shareholders. In addition, Yonsei University Health System (Dismissal Hospital), KAIST, Intellian Technologies, Taiwanese manufacturer, Foxconn International Holdings, and Shinhan Investment & Securities plan to cooperate as financial and strategic investments and business partners.
Platform A company official explained, “Considering financial costs, etc., we only covered the frequency payment and operating costs first, and we plan to raise the remaining 150 billion won by the third quarter.” Stage
Platform Kim Ji-yoon, a cloud computing and networking expert and former CTO of Hyundai Autoever, was appointed as Chief Technology Officer (CTO), and leader-level personnel were also recruited from LG U+ and KT. On the 2nd, a memorandum of understanding (MOU) was signed for strategic cooperation with Rakuten, Japan’s fourth mobile carrier.
The outlook for the future of StageX, which will commercialize its services in earnest in the first half of next year, is mixed. Although there are expectations that it will play the role of a ‘catfish’ that will shake up the oligopolistic telecommunications market, there are also many concerns that the sustainability of the business is low.
First, questions are raised about the viability of new businesses that require large-scale funding in a situation where the telecommunications market has reached maturity. In the ‘Qualifications and Requirements for 28 GHz New Business Operators’ debate held in the National Assembly last month, hosted by the office of Democratic Party of Korea Representative Byun Jae-il, it was predicted that the fourth mobile carrier would need at least 1 trillion Won in capital for facilities and marketing costs in order to compete with existing operators.
In addition, the 5G 28GHz allocated to the Platform is suitable for business-to-business (B2B) business in a limited space, but the specific business plan has not yet been revealed. In the end, if you focus on a consumer business by borrowing an existing telco’s network to make a profit, it will be no different from a budget phone and will not fit the purpose of its launch.
Rakuten Japan has previous experience in providing 5G 28GHz services, so it is considered a reference case for StageX. However, some point out that it is difficult to see it as a ‘success story’ as its market share was only 2.2% last year and it is suffering from management difficulties.
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