Korean telecom operator KT Corporation has recently disclosed Capex (capital expenditure) related investment for 2017.
KT Corporation, which competes with SK Telecom in Korea, said the standalone Capex for 2017 will be KRW 2.4 trillion as compared with the Capex of KRW 2.359 trillion in 2016 against the guidance of KRW 2.5 trillion.
“We expect Capex to be gradually stable downwards until 5G investments come under full swing,” said KT Corporation.
“Despite uncertainties in the global economy and unfavorable external environment we offered differentiated product and services in both technology and marketing recording consolidated revenue KRW 22.7 trillion in 2016 meeting our guidance,” said KT Corporation.
KT Corporation is not expecting any substantial increase in its revenue in 2017. The revenue target of KT Corporation will be KRW 22 trillion in 2017.
KT Corporation in 2016
Operating revenue KRW 22.7437 billion ((+2.1%)
Wireless revenue KRW 7.4183 trillion (+0.6%)
Wireless service revenue KRW 6.6584 trillion (+2.1%)
Operating profit KRW 1.44 billion (+11.4%)
Net income KRW 797.8 billion
EBITDA KRW 4.7852 trillion
KT Corporation said operating expense was KRW21.3037 trillion (+1.5 percent). Marketing expense of KT Corporation fell 3.5 percent on the back of a change from a push to a pull marketing methodology made by launch of fixed wireless product and services.
LTE subscriber base of KT Corporation expanded to account for 75.5 percent of the total base with 2016 wireless ARPU growing 0.6 percent per year to KRW 35.524.
Image source: GSMA
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