KT expects much of Mega TV Korea Telecom’s (KT’s) on-demand offering, Mega TV, had 148,000 subscribers at the end of September, just three months after launch.
Mega TV is targeting 1 million subscribers by 2008 and KT has pledged to increase capital spending, including marketing for the IPTV service. But the government is yet to introduce legislation allowing IPTV operators to offer real-time channels as well as on-demand fare.
KT saw a small fall in third-quarter earnings, with operating profit down 7.2% on the same quarter the previous year to Won400.4 billion. But the company said growing expectations on Mega TV should help earnings to rebound in the fourth quarter. |