South Korean Telcos Q2 23 review: Lifted by non-mobile; easing capex intensity
Aggregate service revenue were lifted by KT’s non-mobile performance this quarter, with strong EBITDA growth from both KT and LG owing to well controlled labour and service costs. Encouragingly too, 1H23 aggregate capex intensity was lower (12.6% vs. 13.5% last year) despite a focus on AI investments recently.
SK Telecom is a wireless telecommunications services provider in the Republic of Korea (South Korea). Co. provides the following services: wireless Internet services, which include music portal services, game portal services, multimedia services, and wired and wireless integrated multimedia services; ubiquitous and convergence services, which include telematics, digital home, commerce, mobile radio frequency identification and mobile community; international roaming services, which include global system for mobile communication; video telephony services, which enable subscribers incorporating video conferences, as well as B2B services.
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