Re: Asian Broadband Stats - Korean MSO "Korea Thrunet"
Thread- Some stats out of a big broadband country(per capita), Korea. I really don't know who gets the bulk of these builds. Korea is never specfically mentioned in the MSO equipment player's CC I listen to. "Asia," is generally mentioned by all of them and categorized as such. -MikeM(From Florida)
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Korea Thrunet Tops Half A Million Broadband Subscribers
SEOUL, KOREA, 2000 SEP 15 (NB) -- By Adam Creed, Newsbytes. South Korean broadband cable Internet access provider, Korea Thrunet Co. Ltd [NASDAQ:KOREA] has reached 523,869 subscribers at the end of August. Thrunet said it added 52,877 net subscribers during the month of August, passing the half a million mark just over four years since it started business.
Thrunet competes in the high-speed Internet access sphere with Korea Telecom and Hanaro Telecom, along with a number of regional providers. In August, the Korea Development Bank agreed to give Thrunet a $179.37 million six-year facility loan agreement, together with $89.69 million in the form of a three-year convertible bond. The funds are being used for the roll out of broadband infrastructure across Korea - Thrunet operates its own cable network as well as leasing the networks of cable TV operators.
Earlier this week, the company said it is close to finishing its network expansion for 2000. With 6.5 million homes passed, Korea Thrunet is now looking to increase its subscriber base from this potential user base.
South Korea has an estimated 14.3 million homes. Rival provider Korea Telecom, which uses predominantly asymmetric digital subscriber line (ADSL) to deliver its consumer broadband connections, claimed an additional 200,000 subscriptions during June and total [DSL]subscribers of over 500,000 at the beginning of August. |
