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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.

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