Telecom Mongolia needs USD1.9bn for LTE rollout

Fixed line incumbent Telecom Mongolia is looking into entering the domestic wireless market by deploying a 4G Long Term Evolution (LTE) network in the country. Local news agency Montsame reports that in order to implement the project, the company needs total investment of around USD1.9 billion, of which around USD500million will be provided by South Korean co-owner KT Corp. The telco hopes to offer LTE access in capital city Ulaanbaatar by mid-2015, with all 21 Mongolian provinces to be covered by 2018.
As previously reported by TeleGeography’s CommsUpdate, in September 2013 the Mongolian government signed a cooperation agreement with KT Corp to introduce 4G LTE technology in the country. KT Corp has held a 40% stake in Mongolia Telecom since the company was part-privatised in August 1995.
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