KT investing $1.5bn in IPTV
September 19, 2008
KT Corp, South Korea’s top fixed-line and broadband provider, has announced it will invest $1.5 billion in its IPTV service by 2012 and expected a break-even as early as 2011.KT is offering a trial of full IPTV service, including real-time TV programme transmission, as of this week. A commercial service will start as early as in October.Telecom operators in mature markets such as KT hope IPTV will create new revenue sources. KT said it expects to secure 300,000 subscribers for its real-time IPTV by the end of this year and bring the number to 3 million in 2012. It has 6.7 million broadband subscribers, nearly 45 per cent of the home market where it competes with number two telco hanaro telecom.