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South Korean mobile carriers tipped for robust Q1 earnings

South Korean wireless carriers are estimated to have logged robust earnings in the first quarter on the back of sharp growth in 5G users and their non-telecom businesses, a poll showed on Sunday.

South Korean mobile carriers tipped for robust Q1 earnings

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  12 April 2021 4:30 AM GMT

SEOUL: South Korean wireless carriers are estimated to have logged robust earnings in the first quarter on the back of sharp growth in 5G users and their non-telecom businesses, a poll showed on Sunday. The combined operating profits of the country's three major mobile carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — are expected to have reached 966.5 billion won ($863.3 million) in the January-March period, up 6.8 per cent from the previous year, according to the poll on six local brokerage houses by Yonhap Infomax, the financial arm of Yonhap News Agency. (IANS)


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