September 29, 2017
By Rachel Ho
The introduction of 5G services will be a boon for the Korean telecom operators as traditional telecommunications revenue stagnates, according to GlobalData, a recognized leader in providing business information and analytics. According to its latest report, 5G subscriptions in the country will outnumber 3G by 2020, following world’s first commercial 5G deployment during the Pyeongchang 2018 Winter Olympics, in Korea’s rural Gangwon province.
With growth of 5G, traditional communications services like fixed telephony and mobile voice will see a decline in revenue over the coming years. Voice service revenue will decline at an annual rate of 8.4% per year between 2016 and 2021, while mobile voice revenue will drop an average of 7.0% per year over the same period.