South Korean Telcos Q1 23 review: Sustained top-line, slower EBITDA
South Korean carriers delivered LSD service revenue growth again, driven off mobile and Enterprise, with EBITDA lighter than previous quarters. Service revenue grew 2.9% (Q4: 3%) while EBITDA growth slowed to 1.8% YoY, dragged by both KT and LG. Mobile ARPU trend remains positive, with 5G penetration (off handset base) at 61%.KT is a provider of telecommunications services in the Republic of Korea (the "ROK", South Korea). Co. provides telephone services, Internet phone services, mobile phone services, Internet services and Internet protocol television services. Its telephone services include local, domestic and international long-distance fixed-line telephone services. Its Internet phone services include voice over Internet protocol services. Its mobile phone services include mobile telecommunication services and third generation mobile phone telecommunication services. Its Internet services include fiber to the home services.
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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