No: 511 Date : 11.16.2006 (18:30)
UserName : Kevin Jeon¡¡  Read : 1815
Attach : Hanarotelecom(033630)_20061116.pdf(180KB) . .

Subject : Hanarotelecom: Rapidly improving subscriber value
Hanarotelecom(033630): Rapidly improving subscriber value


- Company update

- We maintain our TP of KRW10,050 and BUY recommendation


> HanaTV subscriber base has been growing at about 63.5% per month since the start of the services on July 24th this year.

> We are very upbeat with the company¡®s strategy to preoccupy the fast-growing IPTV market.

> Hanaro is expected to begin full-fledged bundling services from next year.

> 2007 will be the year of turnaround for Hanaro.
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