SK Telecom ends 2023 with 15.67 million 5G subscribers


In the course of the fourth quarter of the yr, SK Telecom added practically 524,000 5G subscribers

SK Telecom, South Korea’s largest telecom operator, ended This autumn 2023 yr with a complete of 15.67 million subscribers within the 5G phase, up 17% from 13.4 million in the identical interval the earlier yr, the service mentioned in its earnings assertion.

In the course of the fourth quarter of the yr, the Korean service added practically 524,000 5G subscribers. On the finish of 2023, the operator’s 5G subscribers accounted for 68% of its total handset subscribers, up from 58% on the finish of December 2022.

Within the LTE phase, SK Telecom ended the interval with 15.07 million subscribers, down from 15.4 million within the earlier quarter.

The Korean service ended final yr with a complete of 33.66 million cell subscribers, up 2.5% year-on-year.

In This autumn, SK Telecom’s web revenue declined 16.2% year-on-year to KRW 187 billion ($140.3 million), whereas its income rose 3% year-on-year to KRW4.52 trillion.

“SK Telecom expects its AI companies to realize income development based mostly on sturdy AI infrastructure and expertise capabilities it has constructed thus far. AI information middle, AI enterprise and AI semiconductor are anticipated to drive the expansion of SK Telecom’s AI enterprise by quickly increasing gross sales this yr with steep development in market demand,” the telco mentioned.

In September 2023, SK Telecom had introduced its imaginative and prescient to turn into a world AI firm and unveiled the AI Pyramid Technique, underneath which it would strengthen its personal competitiveness to deepen buyer relationships whereas working along with companions all through the world. The AI Pyramid Technique focuses on innovating trade, society, and life centered round three key areas together with AI Infrastructure, AI Transformation (AIX) and AI Service.

“Within the space of AI Infrastructure, SK Telecom plans to safe and improve infrastructure capabilities that function the inspiration of an AI firm, similar to AI information facilities, AI semiconductors, and multi-large language fashions (LLMs). AIX goals to innovate present fastened and cell telecommunications, media, and enterprise companies by AI, and broaden the applying of AI to UAM and healthcare. Lastly, within the space of AI Service, SK Telecom plans to forge nearer relationships with prospects by a extremely competent private AI assistant and broaden its scale by collaborating with world telecommunications corporations,” the Korean telco had mentioned.

“Going ahead, based mostly on its knowhow in working varied AI companies, SK Telecom plans to broaden its presence within the AI service market by concurrently coming into abroad markets in cooperation with members of the International AI Telco Alliance,” the service added.

Final yr, South Korea’s ICT ministry canceled a license owned by SK Telecom which had been meant to help 5G companies by way of 28 GHz spectrum, citing an absence of deployment funding by the operator.

SK Telecom had been given the precise to make use of the 28 GHz band in 2018 and was required to put in a complete of 15,000 items of community gear by Might 2023. Nonetheless, SK Telecom had solely put in only one,650 items of 28 GHz gear and had no plans for additional installations, in line with the Ministry of Science and ICT.


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