Thursday, April 24, 2008

Hanaro Reaches 900,000 IPTV Subscribers

South Korea's hanarotelecom posted revenues of KRW 493 billion for the first quarter of 2008, a 9.3% increase year-on-year and a 0.9% increase quarter-on-quarter. Hanaro posted operating income of KRW 10.0 billion, net loss of KRW 6.7 billion and EBITDA of KRW 129.3 billion for the first quarter of 2008.

As for hanaTV, Hanaro posted quarterly revenue of KRW 21.3 billion and recently reached 900,000 subscribers on a cumulative basis, strengthening the position as a leading player in IPTV. Furthermore, the company said it acquired 1.83 million subscribers for its 100 Mbps broadband services as of the end of March 2008, accounting for over 50% of its total subscribers.


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