[KT Concall] "Wireless Net Growth Slows Due to COVID-19... Growth Expected to Accelerate in Second Half"

[Asia Economy Reporter Koo Chae-eun] Yoon Kyung-geun, KT's Chief Financial Officer, said during a conference call following the Q1 earnings announcement on the 13th, "Roaming growth has slowed due to COVID-19, and the net increase in the wireless sector has also slowed. However, we expect the subscriber growth rate to accelerate in the second half as the smartphone lineup diversifies. Although the growth rate forecast at the beginning of the year may be slightly lowered, both revenue and ARPU are expected to increase."

CFO Yoon stated, "Since the launch of 5G, wireless revenue has turned around faster than expected, but the growth potential of the wireless business still needs to improve. Currently, 5G new subscribers maintain a high ARPU, and recently, we have been promoting new 5G plans."

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