SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2016
Commission File Number 1-14926
KT Corporation
(Translation of registrant’s name into English)
KT Gwanghwamun Building East
33, Jongno 3-gil, Jongno-gu
110-130 Seoul, Korea
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ¨ No x
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Dated: January 29, 2016 | ||
| KT Corporation | ||
| By: | /s/ Youngwoo Kim | |
| Name: | Youngwoo Kim | |
| Title: | Vice President | |
| By: | /s/ Jungsup Jung | |
| Name: | Jungsup Jung | |
| Title: | Director | |
2015 4Q Preliminary Earnings Release
We hereby announce our 2015 4Q preliminary earnings conference material used for conference call, which was held on January 29, 2016.
KT FY2015 Earnings Release Investor Relations｜ 2016. 1. 29
Disclaimer This presentation has been prepared by KT Corp.(the Company”). This presentation contains forward-looking statements, which are subject to risks, uncertainties, and assumptions. This presentation is being presented solely for your information and is subject to change without notice. No presentation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, actuality, fairness, or completeness of the information presented. Please be informed that items included in our operating income have been prepared in accordance with K-IFRS 1001 released on October 17, 2012, which was revised to coincide with the Korean Accounting Standards for Non-Public Entities (“KAS-NPEs”). As such, our disposal gains from real estate and others have been excluded from our operating income. The Company, its affiliates or representatives accept no liability whatsoever for any losses arising from any information contained in the presentation. This presentation does not constitute an offer or invitation to purchase or subscribe for any shares of the Company, and no part of this presentation shall form the Basis of or be relied upon in connection with any contract or commitment. Any decision to purchase shares o the Company could be made solely on the Basis of information, which has been publicly filed with the Securities and Exchange Commission or the Korea Stock Exchange and distributed to all investors. The contents of this presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part, for any purpose. If you have any related questions to this material, please contact IR department. Tel : 82-2-3495-3557, 3558, 3564, 5529, 5343, 5344 Fax : 82-2-3495-5917
Contents 1 Financial Highlights 2 Business Overview 3 Q&A 4 Appendix
Financial Highlights 1-1 (Unit: KRW bn) K-IFRS / Consolidated Income Statement FY15 FY14 YoY 4Q15 3Q15 QoQ Operating revenue 22,281.2 22,311.7 -0.1% 5,958.9 5,492.2 8.5% Service revenue 19,513.8 19,061.2 2.4% 5,078.1 4,895.9 3.7% Merchandise revenue 2,767.4 3,250.5 -14.9% 880.9 596.3 47.7% Operating expense 20,988.3 22,718.3 -7.6% 5,691.7 5,148.9 10.5% Operating income 1,292.9 -406.6 TB 267.2 343.3 -22.2% Margin (%) 5.8% -1.8% 7.6%p 4.5% 6.3% -1.8%p Non-operating income (loss) -573.5 -922.0 -37.8% -358.2 -137.4 160.8% Income before taxes 719.5 -1,328.6 TB -91.0 205.9 TR Net income 631.3 -966.2 TB -97.1 126.0 TR Margin (%) 2.8% -4.3% 7.2%p -1.6% 2.3% -3.9%p EBITDA 4,631.5 2,919.1 58.7% 1,096.7 1,174.3 -6.6% Margin (%) 20.8% 13.1% 7.7%p 18.4% 21.4% -3.0%p Operating revenue 22,281.2bn (YoY) -0.1% Service revenue 19,513.8tn (YoY) 2.4% Operating income 1,292.9bn Turnaround by strengthen the core business competitiveness and cost saving improvements Net income 631.3bn EBITDA 4,631.5bn (YoY) 58.7%
Financial Highlights 1-2 Financial Position K-IFRS / Consolidated (Unit: KRW bn) FY15 FY14 YoY 4Q15 3Q15 QoQ Assets 29,341.2 33,775.5 -13.1% 29,341.2 31,450.6 -6.7% Cash and cash equivalents 2,559.5 1,888.7 35.5% 2,559.5 2,870.3 -10.8% Debt 17,175.7 21,985.2 -21.9% 17,175.7 19,090.0 -10.0% Borrowings 8,634.9 12,815.4 -32.6% 8,634.9 8,639.5 -0.1% Equity 12,165.5 11,790.3 3.2% 12,165.5 12,360.5 -1.6% Capital Stock 1,564.5 1,564.5 1,564.5 1,564.5 Net Debt 6,075.4 10,926.7 -44.4% 6,075.4 5,769.2 5.3% Debt/Equity 141.2% 186.5% -45.3%p 141.2% 154.4% -13.3%p Net Debt/Equity 49.9% 92.7% -42.7%p 49.9% 46.7% 3.3%p Debt Position Borrowing : 8,634.9bn Net Debt : 6,075.4bn Debt Ratio Debt to Equity : 141.2% Net Debt to Equity : 49.9%
Financial Highlights 1-3 CAPEX K-IFRS / KT Separate Total CAPEX 2015 YTD 2,397bn Spent 88.8% to FY2015 guidance(KRW 2.7tn) Access Network CAPEX 2015 YTD : 1,316bn Backbone Network CAPEX 2015 YTD : 492bn B2B CAPEX 2015 YTD : 362bn 3,711 3,313 2,514 2,397 (Unit: : KRW bn)
1 Financial Highlights 2 Business Overview 3 Q&A 4 Appendix
Business Overview 2-1 Wireless K-IFRS / Separate (Unit: KRW bn) FY15 FY14 YoY 4Q15 3Q15 QoQ Service 6,523.6 6,310.5 3.4% 1,651.8 1,639.9 0.7% Interconnection 536.7 560.1 -4.2% 137.9 132.6 4.0% Others 310.4 445.5 -30.3% 85.4 71.6 19.3% Wireless 7,370.7 7,316.1 0.7% 1,875.1 1,844.1 1.7% Wireless revenue increased 0.7% YoY Service revenue grew 3.4% YoY due to increased LTE penetration and data usage Interconnection and Other revenue declined on interconnection rate adjustment and reduction of subscription fee Continuous subscribers and ARPU growth Subscribers reached 18m with net additions of 738k YoY LTE subscribers reached 12.8m in 4Q representing 71.1% of total subscribers Wireless ARPU increased 0.8% QoQ, 0.6% YoY in 4Q, recording KRW 36,491 Wireless ARPU increased 2.9% YoY in 2015 YTD (Unit: 1,000) <Mobile Subscribers> 16,772 17,182 17,437 17,637 17,300 17,801 16,471 18,038
Business Overview 2-2 Wireline K-IFRS / Consolidated (Unit : KRW bn) FY15 FY14 YoY 4Q15 3Q15 QoQ Telephony 2,313.7 2,607.0 -11.2% 553.0 571.0 -3.2% Broadband 1,733.0 1,762.3 -1.7% 440.0 434.8 1.2% Line lease 1,112.0 1,170.6 -5.0% 275.3 278.6 -1.2% Wireline 5,158.7 5,540.0 -6.9% 1,268.2 1,284.4 -1.3% (Unit : 1,000) Wireline revenue decreased 6.9% YoY Telephony Telephony revenue fell by 11.2% YoY, due to line loss and MOU decline Broadband Consecutive increase in broadband revenue and ARPU on 3Q to 4Q GiGA internet subscribers reached 1m Expected to reach 2m GiGA internet subscribers in FY2016 <Wireline Subscribers>
Business Overview 2-3 Media / Contents K-IFRS / Consolidated (Unit : 1,000) (Unit : KRW bn) FY15 FY14 YoY 4Q15 3Q15 QoQ Media 1,447.5 1,330.7 8.8% 384.0 368.6 4.2% Contents 214.8 177.7 20.9% 56.5 60.2 -6.1% Media/Contents 1,662.3 1,508.4 10.2% 440.5 428.8 2.7% <IPTV Subscribers> Media/Contents revenue grew 10.2% YoY Media revenue grew 8.8% YoY from IPTV subscriber expansion and ARPU increase IPTV media subscribers reached 6.5m with net additions of 693k YoY Value added service such as PPV & Advertising increased Contents revenue increased 20.9% YoY Strong and steady growth from contents business subsidiaries - (KTH) Increase on T commerce platform revenue and new IT/Solution business contracts - (Nasmedia) Increase on new and internet/mobile advertisement - (KT Music) Increase on Music distribution revenue
Business Overview 2-4 Finance K-IFRS / Consolidated Merchandise Merchandise revenue fell by 14.9% YoY due to changes in accounting policy regarding subsidies Handset sales increased 47.7% QoQ on growing handset volume and price Finance revenue Finance revenue increased 5.9% YoY on credit/check card usage increase Other Service revenue Other Service revenue rose 29.5% YoY due to Global IT/Solution revenue increase and KTIS, KTCS consolidation Others (Unit : KRW bn) FY15 FY14 YoY 4Q15 3Q15 QoQ Finance 3,411.0 3,221.4 5.9% 983.4 835.5 17.7% Other Service 1,911.0 1,475.3 29.5% 510.9 503.1 1.5% IT/Solution 864.0 631.5 36.8% 226.0 234.6 -3.7% Real estate 254.1 242.6 4.7% 82.4 56.6 45.6% Other Subsidiaries 793.0 601.2 31.9% 202.4 211.9 -4.5% FY15 FY14 YoY 4Q15 3Q15 QoQ Merchandise 2,767.4 3,250.5 -14.9% 880.9 596.3 47.7% (Unit : KRW bn)
2-5 Operating Expenses K-IFRS / Consolidated (Unit : KRW bn) FY15 FY14 YoY 4Q15 3Q15 QoQ Labor cost 3,303.5 3,918.7 -15.7% 895.8 844.3 6.1% General expenses 9,819.6 9,965.7 -1.5% 2,611.8 2,438.1 7.1% Cost of service provided 2,276.0 2,743.7 -17.0% 586.6 563.0 4.2% Selling expenses 1,954.5 2,748.4 -28.9% 533.2 489.3 9.0% Cost of merchandise 3,634.7 3,341.7 8.8% 1,064.3 814.2 30.7% Total 20,988.3 22,718.3 -7.6% 5,691.7 5,148.9 10.5% ※ Marketing Cost (KT Separate, Profit from handset sales adjusted/ Selling exp + Advertising expenses) 조정 기준/판매비+광고비) FY15 FY14 YoY 4Q15 3Q15 QoQ Marketing Cost 2,813.2 3,152.8 -10.8% 741.3 689.5 7.5% Business Overview Operating expenses decreased 7.6% YoY Labor cost decreased 15.7% YoY on voluntary retirements General Expenses decreased 1.5% YoY on continuous cost saving improvements Cost of service provided fell by 17% YoY on interconnection fee adjustment (Unit : KRW bn)
1 Financial Highlights 2 Business Overview 3 Q&A 4 Appendix
1 Financial Highlights 2 Business Overview 3 Q&A 4 Appendix
K-IFRS Quarterly Income Statements 4-1 (Unit : KRW bn) Consolidated I/S 1Q 15 2Q 15 3Q 15 4Q 15 KT Separate I/S 1Q 15 2Q 15 3Q 15 4Q 15 Operating revenue 5,398.7 5,431.3 5,492.2 5,958.9 Operating revenue 4,133.4 4,197.1 4,163.2 4,448.6 Service Revenue 4,713.3 4,826.5 4,895.9 5,078.1 Service Revenue 3,483.6 3,600.9 3,601.8 3,614.7 Wireless 1,822.3 1,829.2 1,844.1 1,875.1 Wireless 1,805.4 1,812.5 1,830.8 1,854.4 Fixed line 1,305.1 1,301.0 1,284.4 1,268.2 Fixed line 1,294.9 1,291.5 1,268.9 1,253.4 Media/Contents 383.8 409.2 428.8 440.5 Media/Contents 180.6 210.6 217.9 234.2 Finance 791.3 800.9 835.5 983.4 Finance Other service 410.9 486.1 503.1 510.9 Other service 202.7 286.3 284.1 272.7 Merchandise rev. 685.4 604.9 596.3 880.9 Merchandise rev. 649.9 596.2 561.4 833.9 Operating expense 5,085.1 5,062.5 5,148.9 5,691.7 Operating expense 3,920.2 3,911.9 3,885.2 4,361.2 Service expense 4,152.4 4,239.1 4,334.7 4,627.4 Service expense 3,077.5 3,167.3 3,204.2 3,414.3 Labor expense 778.3 785.1 844.3 895.8 Labor expense 472.7 474.0 478.8 510.8 General expense 2,371.0 2,398.7 2,438.1 2,611.8 General expense 1,654.0 1,697.7 1,717.1 1,791.6 Depreciation 841.3 836.8 831.0 829.4 Depreciation 760.3 755.8 749.4 744.6 Commissions 234.2 231.6 242.0 329.1 Commissions 353.4 388.7 383.5 399.5 Advertising 33.6 42.9 52.8 48.1 Advertising 34.6 43.4 50.3 47.6 Financial biz exp 701.8 713.9 751.5 793.1 Other general exp 505.6 509.9 533.9 599.8 Other general exp 560.2 573.6 560.8 612.0 Cost of svc provided 467.0 481.3 481.6 505.8 Cost of svc provided 548.7 577.7 563.0 586.6 Cost of service 224.9 253.6 255.3 278.7 Cost of service 299.2 333.6 323.0 338.4 Interconnection fees 181.3 163.2 172.6 173.5 Interconnection fees 181.3 162.7 171.6 173.8 Other cost of service 60.8 64.4 53.8 53.5 Other cost of service 68.3 81.3 68.4 74.5 Selling expense 483.8 514.3 526.8 606.1 Selling expense 454.4 477.7 489.3 533.2 Sales expense 463.7 485.3 510.5 587.3 Sales expense 432.2 443.1 474.1 507.2 Bad debt expense 20.1 29.0 16.3 18.8 Bad debt expense 22.2 34.6 15.2 26.0 Cost of merch sold 842.7 744.6 681.0 946.9 Cost of merch sold 932.7 823.4 814.2 1,064.3 Operating income 313.6 368.8 343.3 267.2 Operating income 213.2 285.2 278.0 87.4 EBITDA 1,154.9 1,205.6 1,174.3 1,096.7 EBITDA 973.6 1,041.0 1,027.4 832.1 N-OP income (loss) 93.2 -171.1 -137.4 -358.2 N-OP income (loss) 175.3 248.1 -36.8 -240.1 N-operating income 295.8 143.9 226.8 94.6 N-operating income 366.2 549.9 291.0 81.6 N-operating expense 206.5 316.2 361.0 457.0 N-operating expense 190.9 301.9 327.8 321.7 Equity Method (G/L) 3.9 1.2 -3.2 4.2 Income bf taxes 406.7 197.7 205.9 -91.0 Income bf taxes 388.6 533.3 241.3 -152.7 Income tax 121.9 39.7 62.1 5.4 Income tax 99.6 127.1 54.7 -41.2 Income from con op 284.8 158.0 143.8 -96.4 Income from discon. Op -4.2 163.8 -17.8 -0.7 Net income 280.6 321.8 126.0 -97.1 Net income 289.0 406.2 186.6 -111.4 NI contribution to KT 262.3 299.7 117.0 -125.9
K-IFRS Yearly Income Statements 4-2 Consolidated I/S 2014 2015 YoY KT Separate I/S 2014 2015 YoY Operating revenue 22,311.7 22,281.2 -0.1% Operating revenue 17,435.8 16,942.4 -2.8% Service Revenue 19,061.2 19,513.8 2.4% Service Revenue 14,202.1 14,300.9 0.7% Wireless 7,316.1 7,370.7 0.7% Wireless 7,242.1 7,303.1 0.8% Fixed line 5,540.0 5,158.7 -6.9% Fixed line 5,477.8 5,108.7 -6.7% Media/Contents 1,508.4 1,662.3 10.2% Media/Contents 671.0 843.3 25.7% Finance 3,221.4 3,411.0 5.9% Finance Other service 1,475.3 1,911.0 29.5% Other service 811.3 1,045.7 28.9% Merchandise rev. 3,250.5 2,767.4 -14.9% Merchandise rev. 3,233.7 2,641.5 -18.3% Operating expense 22,718.3 20,988.3 -7.6% Operating expense 18,155.3 16,078.5 -11.4% Service expense 19,376.6 17,353.6 -10.4% Service expense 14,805.4 12,863.3 -13.1% Labor expense 3,918.7 3,303.5 -15.7% Labor expense 3,124.9 1,936.3 -38.0% General expense 9,965.7 9,819.6 -1.5% General expense 6,750.2 6,860.3 1.6% Depreciation 3,325.7 3,338.6 0.4% Depreciation 3,023.4 3,010.2 -0.4% Commissions 1,355.2 1,036.9 -23.5% Commissions 1,470.8 1,525.1 3.7% Advertising 152.1 177.3 16.6% Advertising 163.0 175.8 7.9% Financial biz exp 2,883.1 2,960.2 2.7% Other general exp 2,249.7 2,306.6 2.5% Other general exp 2,093.0 2,149.2 2.7% Cost of svc provided 2,743.7 2,276.0 -17.0% Cost of svc provided 2,007.0 1,935.6 -3.6% Cost of service 1,673.4 1,294.2 -22.7% Cost of service 970.0 1,012.5 4.4% Interconnection fees 797.3 689.3 -13.5% Interconnection fees 793.8 690.6 -13.0% Other cost of service 273.0 292.4 7.1% Other cost of service 243.1 232.5 -4.4% Selling expense 2,748.4 1,954.5 -28.9% Selling expense 2,923.4 2,131.1 -27.1% Sales expense 2,629.0 1,856.6 -29.4% Sales expense 2,821.8 2,046.8 -27.5% Bad debt expense 119.4 97.9 -18.0% Bad debt expense 101.6 84.3 -17.0% Cost of merch sold 3,341.7 3,634.7 8.8% Cost of merch sold 3,349.9 3,215.2 -4.0% Operating income -406.6 1,292.9 TB Operating income -719.5 863.9 TB EBITDA 2,919.1 4,631.5 58.7% EBITDA 2,304.0 3,874.0 68.1% N-OP income (loss) -922.0 -573.5 -37.8% N-OP income (loss) -754.7 146.6 TB N-operating income 506.5 761.0 50.2% N-operating income 582.0 1,288.8 121.4% N-operating expense 1,447.2 1,340.7 -7.4% N-operating expense 1,336.7 1,142.2 -14.5% Equity Method (G/L) 18.7 6.1 -67.1% Income bf taxes -1,328.6 719.5 TB Income bf taxes -1,474.1 1,010.4 TB Income tax -276.0 229.2 -183.1% Income tax -332.3 240.1 -172.3% Income from con op -1,052.6 490.2 TB Income from discon. Op 86.4 141.1 63.3% Net income -966.2 631.3 TB Net income -1,141.9 770.3 TB NI contribution to KT -1,055.0 553.0 TB (Unit: KRW bn)
K-IFRS Statement of Financial Position 4-3 Consolidated 1Q 15 2Q 15 3Q 15 4Q 15 KT Separate 1Q 15 2Q 15 3Q 15 4Q 15 Asset 34,618.6 31,025.7 31,450.6 29,341.2 Asset 25,049.8 24,267.5 24,194.7 24,222.5 Current assets 12,333.0 10,091.7 10,701.9 8,583.2 Current assets 4,779.7 4,524.4 4,736.2 4,636.9 Cash &cash equivalents 1,909.4 2,047.7 2,870.3 2,559.5 Cash &cash equivalents 580.8 888.3 1,169.7 1,127.0 Trade & other rec 3,476.1 3,610.3 3,626.3 3,667.6 Trade & other rec 2,979.3 2,996.5 2,904.4 2,974.1 Inventories 481.3 437.4 348.3 525.4 Inventories 277.3 229.3 152.7 327.2 Other current assets 6,466.3 3,996.4 3,857.0 1,830.7 Other current assets 942.3 410.3 509.4 208.6 Non-current assets 22,285.5 20,934.0 20,748.6 20,758.0 Non-current assets 20,270.1 19,743.1 19,458.5 19,585.6 Trade & other rec 727.4 732.1 610.4 679.8 Trade & other rec 656.2 661.3 533.5 605.2 P.P.E 14,239.0 14,176.4 14,224.5 14,478.9 P.P.E 12,075.5 11,895.3 11,796.6 12,145.0 Other non-cur assets 7,319.2 6,025.4 5,913.8 5,599.3 Other non-cur assets 7,538.4 7,186.5 7,128.4 6,835.4 Liabilities 22,576.7 18,792.9 19,090.0 17,175.7 Liabilities 15,107.8 13,937.3 13,674.3 13,838.5 Current liabilities 11,852.4 9,588.2 9,910.4 8,639.9 Current liabilities 5,848.6 5,324.5 5,182.4 5,978.8 Trade & other payables 6,341.0 5,841.6 7,911.3 6,273.9 Trade & other payables 3,589.0 3,565.0 3,672.4 4,111.3 Short-term borrowings 2,453.8 1,525.7 1,378.7 1,726.1 Short-term borrowings 1,690.2 1,310.7 1,149.8 1,510.9 Other current liabilities 3,057.6 2,220.9 620.4 640.0 Other current liabilities 569.4 448.8 360.2 356.6 Non-current liabilities 10,724.2 9,204.7 9,179.6 8,535.8 Non-current liabilities 9,259.3 8,612.8 8,491.9 7,859.7 Trade & other payables 683.8 654.9 651.4 574.0 Trade & other payables 677.6 675.4 685.1 620.3 Long-term borrowings 8,813.2 7,306.5 7,260.8 6,908.8 Long-term borrowings 7,795.1 7,139.7 7,021.2 6,608.7 Other non-cur liabilities 1,227.2 1,243.3 1,267.5 1,053.1 Other non-cur liabilities 786.6 797.7 785.6 630.7 Equity 12,041.9 12,232.8 12,360.5 12,165.5 Equity 9,942.0 10,330.2 10,520.4 10,384.0 Net Debt 9,357.7 6,784.5 5,769.2 6,075.4 Net Debt 8,904.5 7,562.2 7,001.3 6,992.6 (Unit: KRW bn)
Subscribers (KT only) 4-3 Wireless 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 QoQ YoY Subscribers (Unit: 1,000)1) Total (LTE+WCDMA) 16,471 16,772 17,182 17,300 17,437 17,637 17,801 18,038 1.3% 4.3% Net additions 17 301 410 118 137 200 164 238 45.3% 100.7% Gross additions 1,477 1,459 1,793 1,255 1,393 1,179 1,115 1,215 8.9% -3.2% Deactivation 1,458 1,159 1,383 1,111 1,219 940 938 973 3.8% -12.4% Churn rate 2.9% 2.3% 2.7% 2.1% 2.3% 1.8% 1.8% 1.8% 0.0%p -0.3%p LTE 8,633 9,406 10,244 10,780 11,364 11,883 12,335 12,832 4.0% 19.0% LTE Penetration rate 52.4% 56.1% 59.6% 62.3% 65.2% 67.4% 69.3% 71.1% 1.8%p 8.8%p ARPU (KRW)2) 33,622 34,504 35,760 36,285 35,451 36,060 36,193 36,491 0.8% 0.6% Note1) Subscribers : Based on MSIP’s new guidelines for subscriber disclosure (Retroactively applied from 1Q14, MVNO included) Note2) ARPU : Calculation based on billed subscribers (Retroactively applied from 1Q14). Interconnection/Subscription fee revenue excluded Wireline 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 QoQ YoY Subscribers (Unit: 1,000) Telephony 17,789 17,615 17,469 17,259 17,103 16,951 16,806 16,682 -0.7% -3.3% PSTN 14,309 14,165 14,037 13,849 13,706 13,549 13,403 13,268 -1.0% -4.2% VoIP 3,480 3,450 3,432 3,411 3,397 3,402 3,403 3,413 0.3% 0.1% Broadband 8,037 8,039 8,107 8,129 8,168 8,229 8,289 8,328 0.5% 2.4% IPTV 5,158 5,366 5,635 5,859 6,042 6,217 6,401 6,552 2.4% 11.8%
