South Korean Telcos Q4 22 review: Slower top-line, better EBITDA trend, improving shareholder remuneration
South Korean carriers closed off the year with a slightly slower quarter but better margins. Service revenue eased to 3% as improvement in mobile and enterprise offset the slowdown in broadband. EBITDA trend was better for KT and LG but flat for SKT. FY22 shareholder remuneration was commendable - 42% pay-out for LG (from 35%); 40% of OpFCF for SKT as guided. Moreover, SKT also flagged a likely share buyback in the future.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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