New Street Research - KT Corp (ADR) (KTC) ... South Korean Telcos Q3 24 review: Modest trends in Mobile and Fixed; Enterprise better

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New Street Research

Chris Hoare

EUR 9543.00 For Business Accounts Only

South Korean Telcos Q3 24 review: Modest trends in Mobile and Fixed; Enterprise better

Service revenue trend was soft in Q3, driven by (we think deliberate) non-telco weakness at KT. Mobile slowed slightly while Enterprise slightly improved and Fixed was stable.

27/11/2024 1 EN

Underlyings

KT Corp (ADR)

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US48268K1016 Berlin Stock Exchange South Korea

LG Uplus Corp

LG Uplus is engaged in the business of mobile telephone, communication, voice and data services. Co. provides the following services: cellular services; paging services, which provides paging via satellite, high speed paging, and interactive data transmission; IMT-2000 Services, which is wireless multimedia service accessible through a network based on wide band CDMA technology; and home solution services, which provides local, long-distance and overseas telephone services, broadband Internet services, and cable television transmission network services.

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KR7032640005 Korea Stock Exchange South Korea

SK Telecom Co. Ltd.

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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KR7017670001 Korea Stock Exchange South Korea

Provider

New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

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Pan European Telecom Services and Cable

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Analysts

Chris Hoare

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South Korean Telcos Q3 24 review: Modest trends in Mobile and Fixed; Enterprise better

South Korean Telcos “Value-up” strategies likely to lead to divergent outcomes

KT Corp (Buy, TP: KRW 70,000, +56%) NDR feedback

Nigerian Telcos Underlying top line stronger than ever, EBITDA inflecting; Q3 24 review

EOLO Q2 25: Evolving churn and ARPU levels

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