South Korea's SK Telecom has strengthened its 5G leadership with 7.7 million 5G subscribers as of end of June, adding 960,000 subscribers from the previous quarter, announced the operator in its Q2 2021 earnings release.
The MNO business posted revenue of KRW 3.022 trillion, up 2.7% YoY, and operating income of KRW 328.4 billion, up 21.7% YoY, affected by factors including 5G subscriber growth, customer-oriented products and cost stabilization.
SKT is planning a capital expenditure (CAPEX) that is similar to that of last year to further improve its fixed and wireless telecommunication infrastructure and secure nationwide 5G service coverage in an earlier manner. SKT and SK Broadband spent KRW 849.2 billion in CAPEX in the second quarter, representing 285.3% quarter-on-quarter (QoQ) growth.
SKT launched a new metaverse platform named 'Ifland' in July 2021 to lead popularization of metaverse services. The operator plans to strengthen social community features to boost the adoption of Ifland and combine a wide variety of services like sports, commerce and entertainment to further enrich user experience. SKT also plans to introduce attractive sub_scription products by bundling diverse, highly sought-after services.
