Fuelled by growing usage of wireless data services, KT of South Korea said it expects its revenue to increase almost 3% to 19.5 trillion Korean won (17.3 billion US dollars) in 2010 on a like-for-like basis, according to Dow Jones. The newswire also reported that the telecoms operator plans to increase capital spending by 8% to 3.2 trillion won during 2010.
"2010 will still be a difficult year for KT as it will continue to suffer from fixed-line market difficulties, tougher market competition to attract more customers and a new rivalry paradigm," KT also said in a statement, according to Dow Jones. Source: Total Telecom/Dow Jones
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