South Korean telecom KT Corporation has earned about 6.2 trillion won in the third quarter of this year, as revealed in the latest earnings report.
KT Telecom Earnings Report
As per it, the total revenue in Q3 of 2021 stood at 6.2 trillion won, and 382 billion won in operating income. That’s an increase of 3.6% and 30% respectively, from the same period of last year. The growth is driven by all segments, viz data centers, 5G , and content services.
Finally, the two newly opened data centers have invited more business clients, which resulted in a revenue increase of 34.7% from a year prior . KT’s AI call assistant for Business has seen a surge in demand too, which the company announced last month for assisting small businesses in after-hours service.
KT Telecom is planning to pay back its customers about 35 billion won as compensation for causing a temporary network shutdown last month, but this will be seen in the fourth-quarter earnings. KT clarified the shutdown was the result of a “routing error”, but not a cyber attack as initially suspected.
