SINGAPORE — KT Sat, a commercial satellite fleet operator whose domestic market is moving to 5G faster than any other nation, reported initial success in its multi-year plan to boost revenue outside of South Korea.
A wholly owned subsidiary of KT Group, KT Sat reported 2018 revenue of some 137 billion Korean won ($123 million), down slightly from a year earlier. But the company said its non-Korean revenue was up 59% for the year, to $18 million, with a 15% increase in that business expected in 2019.
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