Home | Reports | Technical Documents | Tech-Blog | One-Shot Gallery | Korea ICT News | Korea Communication Market Data | List of Contributors | Become a Contributor |    
 
 
Section 5G 4G LTE C-RAN/Fronthaul Gigabit Internet IPTV/Video Streaming IoT SDN/NFV Wi-Fi KT SK Telecom LG U+ Network Protocol Samsung   Korean Vendors
 
Real World Private 5G Cases   4 Deployment Models On-Premise Cases 5G Core Control Plane Sharing Cases

5G Core Sharing Cases

   
 
Private 5G Deployment   • Private 5G Frequency Allocation Status in Korea  South Korean government's regulations on private 5G and KT's strategy for entering the market
Cases in Korea   Private 5G Operators |   SK Networks Service (SI) Sejong Telecom (Wire-line Carrier) KT MOS (Affiliate of KT) • Newgens (SI) • NAVER Cloud more >>  
    Enterprise DIY |   Korea Hydro & Nuclear Power (Power Plant) Korea Electric Power Corporation (Energy) • Republic of Korea Navy more >>
 
CHANNELS     HFR Private 5G Solution (my5G)       my5G Solution Components       my5G Key Features        my5G Resources        my5G News          
 
banner
banner
SK Telecom Announces 2017 1Q Earnings Results
04/26/2017 | By Netmanias (tech@netmanias.com)

SK Telecom today announced its earnings on a K-IFRS consolidated basis for the first quarter of 2017: revenue of KRW 4.234 trillion, operating income of KRW 410.5 billion and net income of KRW 583.5 billion.

 

The revenue edged up 0.1% year-on-year (YoY) backed by factors including the growth of LTE subscribers and mobile data usage, as well as improved performance of its subsidiaries. The operating income increased by 2.1% YoY affected by improved profitability of its subsidiaries and winning of the lawsuit regarding interconnection fees. The net income grew by 2.0% YoY due to increased equity method gain from SK Hynix. 

 

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’s 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. 

 

The churn rate - a figure which shows the level of satisfaction of the existing customers - stood at 1.5%, staying around 1% for eight consecutive quarters. In addition, recognized for its outstanding service quality, SK Telecom has ranked at the top of the NCSI (National Customer Satisfaction Index) for 20 years in a row.  

 

SK Telecom is also achieving 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. The company has recently added more features to NUGU to enable users to order products from ‘11st’ and receive  alerts for professional baseball games.  

 

While strengthening the technological competitiveness and value of its AI business by working closely with affiliate companies including SK C&C, SK Telecom will also focus on building a New ICT ecosystem around its AI platform through collaboration with startups and ventures based on an open API approach. Its strategy is to develop and launch differentiated, customized products and services by analyzing vast amount of data generated from its main business areas - including mobile network, media, IoT and commerce - with its AI technologies. 

 

SK Telecom’s consolidated subsidiaries have also posted improved results in the first quarter of this year. The number of SK Broadband’s IPTV subscribers grew 12.2% YoY to stand at 4.07 million and the IPTV revenue has increased by 21.7% YoY to KRW 235.6 billion. Moreover, SK Planet, which has transformed into a commerce platform company through business restructuring last year, has recorded reduced losses in the first quarter.

 

“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,” said Ryu Young-sang, CFO of SK Telecom. “This year, SK Telecom will not only strengthen its leadership in the mobile telecommunications market but will also generate tangible results in the New ICT area.”

 

The conference call in regard to SK Telecom’s 2017 1Q earnings results: 

https://www.youtube.com/watch?v=6aWuSXPhBG4

 

 

<Summary and Comparison of Consolidated Income Statement>

 

Thank you for visiting Netmanias! Please leave your comment if you have a question or suggestion.
   
  Recent Netmanias' Contents
     
     

 

     
         
     

 

     
     

Subscribe FREE >>

Currently, 55,000+ subscribed to Netmanias.

  • You can get Netmanias Newsletter

  • You can view all netmanias' contents

  • You can download all netmanias' contents in pdf file

     
     

 

     
         
     

 

 

 
     
     

 

     
     

Korea ICT Portal (www.netmanias.com) at Netmanias.com provides you with the latest information about a wide array of ICT services, infrastructure and vendor solutions available from Korea, the world ICT leader.

     
     

 

     
     
 

View All (1705)
4.5G (2) 4G LTE (2) 5G (275) 5G-SIG (2) 6G (2) AI (21) AR (3) ARPU (1) Autonomous Driving (8) BMW (2) Big Data (1) C-RAN (1) C-RAN/Fronthaul (20) CES (2) CORD (1) Carrier Aggregation (9) China Mobile (1) Cisco (2) Cloud (1) Connected Car (12) DASAN Networks (5) Deutsche Telekom (4) EDGE (3) Ericsson (16) FTTH (1) Frequency (1) Fronthaul (2) GCSE (1) GiGA WiFi (1) GiGAtopia (3) Gigabit Internet (32) HDR (1) HFR (2) Harman (1) IPTV (35) Intel (1) IoST (1) IoT (125) Jio (2) KDDI (6) KT (141) Korea (48) Korea ICT Market (10) Korea ICT Service (17) Korea ICT Vendor (7) LAA (4) LG U+ (38) LPWA (6) LTE (105) LTE-A (7) LTE-A Pro (1) LTE-H (1) LTE-M (2) LTE-R (5) LTE-U (3) LoRa (6) MEC (8) MPTCP (2) MSIP (4) MWC (1) MWC 2015 (16) MWC 2016 (3) MWC 2017 (8) MWC 2018 (3) Massive MIMO (1) Media Platform (1) NB-IoT (9) Netflix (1) Network Slicing (1) New Radio (1) Nokia (16) O-RAN (1) OCP (3) OTT (1) Orange (1) PS-LTE (7) Platform (3) Private 5G (30) Private LTE (1) Public Safety (10) Qualcomm (10) RCS (2) Roaming (2) SDN/NFV (36) SK Broadband (6) SK Telecom (243) SK telecom (1) Samsung (165) Security (4) Self-Driving (2) Small Cell (4) Sprint (1) T-Mobile (1) UHD (11) URLLC (1) V2X (2) VR (11) Verizon (7) Video Streaming (12) VoLTE (4) Wi-Fi (29) WiGig (1) YTL (1) eMBMS (2) mmWave (2) vRAN (1)
Password confirmation
Please enter your registered comment password.
Password