Mongolia Finalizes LTE Cooperation Deal with KT Corp

The Mongolian government has signed a cooperation agreement with South Korean telco KT Corp to introduce 4G LTE technology in the country. KT Corp has held a 40% stake in Mongolia Telecom since the company was partially privatized in August 1995. The Mongolian mobile market was home to around 3.45 million subscribers at the end of June 2013, translating to a population penetration rate of roughly 120%.

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