LG becomes second in fixed-line telecommunication market
Posted: August 26th, 2009, by admin
LG Dacom now second.
After 8 years of constant efforts, LG Dacom conquers again the second position in the competitive Korean fixed-line telecommunication market, beating SK Broadband of few inches in the first half of the year. Between January and June, LG Dacom’s sales reached KRW 895.4 billion ($720 million), while SK Broadband recorded KRW 1.2 billion ($ 963, 000) less than LG Dacom.
LG Dacom ‘s strengthening.
In fact, LG Dacom performed excellent in the second quarter: operating profits grew of 50% on a year-to-year basis and sales boomed. SK Broadband faces financial difficulties and its operating profitability is deteriorating into negative territory. Hardships rise from high-speed broadband and fixed –line telecommunication markets slowdowns. Moreover, LG Dacom intends to absorb LG Powercom (broadband operator), adding consequent annual revenues. LG Dacom may be on the second step of the podium for a while.
June 16th, 2011 at 4:52 pm
Great blog. Lots of blogs like this cover subjects that just arent covered by magazines. I dont know how we got by 10 years ago with just magazines and newspapers.
October 18th, 2011 at 12:37 pm
Great blog. Lots of blogs like this cover subjects that just arent covered by magazines.
October 29th, 2011 at 1:37 am
happy.and thank you for your efforts.