SK Telecom reveals Capex for Q3 2022 reached KRW 458 bn

SK Telecom has revealed that its Capex for Q3 2022 reached KRW 458 billion.
SK Telecom Capex 2022
SK Telecom’s 5G subscriber base recorded 12.47 million in the third quarter and it will be achieving the year-end target of 13 million. SK Telecom’s 5G subscribers account for 53 percent of its total mobile subscriber base.

SK Telecom said 3 percent increase in its consolidated revenue of KRW 4.343 trillion was mainly due to the growth in 5G subscribers.

SK Broadband’s revenue increased 1.9 percent to KRW 1.044 trillion, and its operating income rose by 1.4 percent to KRW 79.7 billion. It continued to expand its subscriber base by achieving the highest net additions of IPTV subscribers in the market, and its content revenue increased due to improved supply and demand of content.
SK Telecom 5G business growth 2022
SKT enhanced its service competitiveness by proactively launching new price plans. SK Broadband (SKB) secured 9.25 million pay TV subscribers as of Q3-end.

SKT aims grow into an AI company by innovating its five key business groups with the following three strategies: Redefining its core businesses with AI; innovating relationships with customers through AI services; and sharing AI transformation (AIX) capabilities with others.

“Based on our leadership in the Fixed and Mobile Telecommunications Business, we are achieving tangible results in our new growth businesses including the Media Business and Enterprise Business,” said Kim Jin-won, Chief Financial Officer of SKT.