Sunday, August 5, 2007

Hanaro Reaches 1.25 million 100 Mbps Subscribers, 500,000 IPTV

Korea's hanarotelecom reported 32,000 broadband net adds and 66,000 voice net adds for Q2 2007. In addition, the company said that the number of 100 Mbps broadband subscribers exceeded 1.25 million in the 2nd quarter as 100 Mbps service coverage expanded to 9.8 million households as of the end of the 2nd quarter 2007 from 4.3 million as of the end of 2006.

Meanwhile, the number of hanaTV subscribers exceeded 500,000 and hanaTV revenues recorded KRW 7.7 billion in the 2nd quarter, more than double the revenues of the previous quarter. The company remarked that the profitability of hanaTV business is improving at a rapid pace as shown in an increase in PPV revenues from KRW 200 million to KRW 1 billion quarter on quarter.

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