[Concall] KT "Discussing 5G Shared Network Construction on Outskirts of 85 Cities by 3 Major Telecoms"

[Asia Economy Reporter Seulgina Jo] KT stated during the Q2 earnings conference call on the 7th that "the three major telecom companies are currently discussing the establishment of a shared network in 85 suburban areas outside the cities," adding that "specific details have not yet been decided." They further commented, "If 5G joint investment is realized, coverage expansion will proceed faster and there will be advantages in quality," and "investment efficiency will also improve."

KT recorded consolidated sales of KRW 5.8765 trillion and operating profit of KRW 341.8 billion for Q2 under the Korean International Financial Reporting Standards (K-IFRS). While sales decreased by 3.6% compared to the same period last year, operating profit increased by 18.6%.

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