Thursday, November 10, 2005

Hanaro's Fiber Access Reaches 3,200 Apartment Complexes in Korea

South Korea's Hanarotelecom reported progress in its rollout of 100 Mbps fiber-optic LAN services, which now encompasses 3,200 apartment complexes and 1.90 million households (about 40% of the complex coverage). The company reported net adds of about 320,000 subscribers for its Optical LAN service since the beginning of the year.

The company stated that it posted revenues of KRW 361.7 billion and EBITDA of KRW 129.0 billion, and as a result of increased revenues and reduced marketing expenditure, achieved a turnaround by posting operating profit of KRW 15.0 billion.

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