KT feeling economic, competitive pressure

Korea Telecom, the incumbent teclo in South Korea that has been lauded in the past for its aggressiveness and broadband leadership, said this week it is lowering its sales and profit forecasts for this year because of declining wireline sales (sound familiar?) and rising marketing costs. KT holds about 90 percent of the fixed-line market, but number portability now is making it easier for customers to switch to KT's competitors. Meanwhile, KT may have to spend more to build up IPTV capabilities to battle competitors that have been more aggressive in that area.

For more:
- see this report at The Korea Times

Suggested Articles

HPE announced it's working with Intel and the Linux Foundation on a new open source software project for the roll out of 5G across multiple sites.

Comcast provided an update on Monday in regard to how its network is handling the increased usage and traffic related to the COVID-19 pandemic.

After being a security partner, Palo Alto Networks is now a competitor in the SD-WAN space with its $420 million purchase of CloudGenix.