SK Telecom’s 5G subscribers reached 4.26 mn in September

SK Telecom today said it has 4.26 million 5G subscribers as of September-end. KT and LG U + are the other 5G operators in South Korea.
SK Telecom 5G in Korea
SK Telecom has achieved No.1 ranking in all three major customer satisfaction surveys in Korea, thanks to its efforts to enhance 5G network quality and expand customer-oriented services.

SK Telecom’s revenue for its mobile communication business increased by 1.0 percent to KRW 2.941 trillion despite decreased sales caused by the termination of its 2G service and prolonged impact of the Covid-19 pandemic.

SK Telecom posted revenue of KRW 4.731 trillion (+3.7 percent), operating income of KRW 361.5 billion (+19.7 percent) and net income of KRW 395.7 billion (+44.2 percent) in the third quarter of 2020.

SK Broadband secured 8.5 million paid IPTV subscribers as of the end of September after adding 129,000 subscribers in the third quarter.

SK Telecom did not reveal its Capex (capital expenditure).

Yoon Poong-young, CFO of SK Telecom, said: “We will secure growth engines based on our five major businesses, while further solidifying our leadership in 5G to turn into a global technology company with unmatched competitiveness in ICT.”