South Korean telco KT mentioned on Friday that it had posted working revenue of 292 billion gained and gross sales of 6 trillion gained for the third quarter of 2020.
It’s a decline of 6.four% and three.four%, respectively, from the identical time interval a 12 months in the past.
KT noticed development in distant providers, however its subsidiaries in additional conventional industries contracted from the affect of the COVID-19 pandemic.
The service mentioned gross sales for cell providers grew round 1% from 2019 to 1.74 trillion gained.
Handset gross sales dipped 24% year-on-year however was considerably offset by a rise in 5G subscribers. The corporate mentioned it had 2.81 million 5G subscribers as of the third quarter.
KT’s IPTV enterprise grew 12% from a 12 months in the past as a result of stay-at-home pattern, it mentioned.
The telco mentioned it additionally noticed demand proceed for IT providers equivalent to cloud and knowledge centre from enterprises as a result of acceleration of digital transformation in gentle of the pandemic.
Nevertheless, it noticed its bank card subsidiary BC Card and actual property service agency KT Property carry out decrease because of decreased demand on account of the virus, KT mentioned.
The telco mentioned it’s going to intention for a turnaround within the fourth quarter with the current launch of the iPhone 12 to extend 5G subscribers.
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November 06, 2020 at 09:49AM
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