Telecompaper

Korean internet provider SK Broadband posed third quarter revenues of KRW 473.9 billion, up 5.8 percent from KRW 447.8 billion in Q3 2008. Revenues rose due to growth in broadband, voice and IPTV segments. However, the company posted an operating loss of KRW 40.9 billion and a net loss of KRW 59.3 billion due to increased operating expenses related with expansion of the subscriber base. In the third quarter last year, the company posted an operating profit of 2 million and a net loss of KRW 15.3 billion. EBITDA was KRW 61.8 billion, down 41.9 percent from KRW 106.5 billion in the year-ago quarter. SK Broadband added about 44,000 broadband subscribers during the quarter, bringing its total to 3.79 million (includes fibre, xDSL and cable). The company also added 290,000 VoIP customers to reach a total of 2.52 million, and added 120,000 IPTV subscribers. Furthermore, customers for the bundled product with SK Telecom, T-band, went up by 138,000 during the quarter.