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KT targets 1.5 million 5G subscribers by year end: CFO

November 11, 2019

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South Korean mobile operator KT expects to end this year with a total of 1.5 million subscribers in the 5G segment, the operator’s CFO Yoon Kyung-keun said during a conference call with investors.

According to KT’s latest earnings report, the telco ended the third quarter of the year with 1.06 million 5G subscribers, an increase of 151.6% compared to 419,000 5G customers in the previous quarter.

KT also said that the penetration of 5G technology reached 4.8% of the telco’s overall subscriber base. The executive also highlighted that 85% of 5G customers signed up for the top-tier unlimited plans.

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