SK Broadband reports revenue, profit increases on IPTV subscriber growth

7 Feb 2014

South Korea’s SK Broadband (SKB) has revealed that it generated turnover of KRW687 billion (USD618 million) in the last three months of 2013, representing an 8.2% increase against the previous quarter. Further, the operator said that net profit for the three-month period ended 31 December 2013 rose significantly, up by 131.6% year-on-year to KRW29.1 billion. Such increases, the company said, had been supported by its expanding IPTV subscriber base, as well by the growth of its corporate business.

With SKB claiming to have registered the highest number of net additions in the fixed broadband arena of all of the country’s operators in 4Q13, at the end of December 2013 it had 4.569 million subscribers on its books, up from 4.394 million a year earlier. Traditional fixed voice customer were also up against the end of the previous year, standing at 4.568 million at end-2013, compared to 4.509 million at end-2012, while voice-over-IP (VoIP) accesses actually declined, falling to 1.819 million from 1.859 million. IPTV subscribers, meanwhile, surpassed the two million milestone by the end of the period under review (2.095 million), an increase of almost 45% year-on-year.

South Korea, SK Broadband (formerly Hanaro Telecom),


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