Search results for ipit TV
Telecommunications & Media
KT Skylife\'s ipit TV subscribers top 240,000
KT Skylife said on Wednesday that subscribers to its internet-based TV service ipit TV have topped 240,000 and internet subscribers have surpassed 660,000. The product, launched in July last year, offers live broadcasts and over-the-top services based on KT\'s internet network and provides a 2,200 won monthly discount to users of major OTT services. The company aims to reach 300,000 ipit TV subscribers and 700,000 internet subscribers by year-end.
Telecommunications & Media
KT Skylife launches designated CEO system, faces task of settling new businesses
KT Skylife appointed Yong Ji, former CEO of KTcs, as its new chief executive. The company approved the appointment at a shareholders meeting and board meeting on Tuesday, citing his experience leading network and regional operations at KT and serving as an affiliate CEO. Shareholders also approved appointments of Se-joon Choi and Hyun-gu Kang as outside non-executive directors. KT Skylife plans to settle its ipit TV service and expand its AI sports broadcast solution.
Telecommunications & Media
KT Skylife Q1 operating profit rises 16.2 percent on cost cuts
KT Skylife reported first-quarter consolidated revenue of 238.97 billion won and operating profit of 5.94 billion won. Revenue fell 1.6 percent from a year earlier, but operating profit rose 16.2 percent, helped by lower costs linked to sales. The company said weaker broadcasting and home shopping markets, lower content sales at KT ENA and the wind-down of KT HCN’s appliance instalment business weighed on revenue.
