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SK Telecom Posts Steady Q1 Results Supported by Growth in LTE Subs and Mobile Data Usage

SK Telecom Posts Steady Q1 Results Supported by Growth in LTE Subs and Mobile Data Usage Image Credit: SK Telecom

South Korea's No. 1 mobile operator, SK Telecom announced results for the first quarter of 2017, posting nearly 2 percent higher in net profit from a year earlier to 583.48 billion won (US$517 million).

The revenue edged up just slightly higher (0.1%) than a year before backed by factors including the growth of LTE subscribers and mobile data usage, as well as improved performance of its subsidiaries. 

Despite revenue-decreasing factors, including the increased number of subscribers who choose contract-based mobile fee discounts, elimination of sign-up fees, and reduction of interconnection fees, SK Telecom said its mobile network operation business sustained its steady performance backed by the growth of its LTE subscribers and mobile data usage per user. 

As of the end of March 2017, the number of SK Telecom’s LTE subscribers marked 21.65 million, representing a 10.9% YoY growth and taking up 72.6% of the company’s total mobile subscriber base of 29.83 million. 

SK Telecom said it also achieved meaningful results in the new business areas. The sales of SK Telecom’s Artificial Intelligence (AI) platform ‘NUGU’ continued to increase in the first quarter.

Ryu Young-sang, CFO of SK Telecom
SK Telecom has sustained steady performance in the mobile network operations business and achieved improved results compared to the same period last year backed by improved profitability of its subsidiaries.

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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