Korea Telecom collects 700,000 IPTV customers

Korea Telecom has been facing stiff broadband competition, but the telco still managed to reach 700,000 subscribers for its "MegaTV" IPTV service by the end of the second quarter of this year. It has been the telco's ambition to reach 1.5 million subscribers by the end of this year. More than 130,000 subscribers came on board during the quarter. Still, that progress did not save KT from a 30 percent decline in net income to about $158.9 million.

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