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19 Aug 2010Powercom

LG Powercom is the third largest broadband provider in South Korea with a market share of 11 per cent. The operator offers an array of telecommunication services including broadband, leased lines, cable and digital TV and VoIP. On 1 September 2005, LG Powercom launched its broadband services under the brand name “XPEED” with speeds up to 100 Mbps.

On 16 October 2009, LG Telecom announced its plans to merge with its subsidiaries LG Dacom and LG Powercom into one entity. The merged entity will have synergy of operations and a unified corporate structure for improved efficiency.

On 19 July 2009, Kepco announced its plans to sell its 38.8 per cent stake in LG Powercom. However, the divestment is not yet confirmed as the company is yet to release a public notice to this effect.

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Taken from: Operator Profiles: South Korea
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