Korea’s KT adds 360,000 5G subscribers in Q1

Korea 5G

South Korean operator KT added 360,000 5G subscribers in the first quarter of the year, the telco said in its earnings statement.

The carrier, which launched commercial 5G services in April 2019, ended Q1 with a total of 1.78 million 5G customers.

“Since the launch of KT’s 5G services, we are currently maintaining a much higher market share in 5G compared to the market share we have for the LTE handsets,” Kyung-Keun Yoon, KT’s CFO, said during a conference call with investors.

The executive also said that the company continues to maintain a very high ARPU for the new 5G subscribers.

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