& cplSiteName &

SK Telecom Posts 2013 Results

Light Reading
News Wire Feed
Light Reading

SEOUL -- SK Telecom (NYSE:SKM) announced its earnings on a K-IFRS consolidated basis for year 2013: revenue of KRW 16.602 trillion, operating income of KRW 2.011 trillion and net income of KRW 1.610 trillion.

Despite expanded revenue-decreasing factors brought by the company’s year-round efforts to alleviate customers’ cost burden, including the launch of ‘T & T Sharing’ Plans which include unlimited in-net voice calls (Mar. 2013), the revenue increased by 2.9% year-on-year (YoY) backed by its strengthened leadership in LTE and growth of its new businesses including the enterprise solution business.

Based on its unrivalled LTE leadership, as of the end of 2013, SK Telecom has attracted 13.5 million LTE subscribers, which accounts for around 50% of its total mobile subscriber base. Sales of its enterprise solution business increased by 60% YoY to stand at KRW 434 billion, serving as a strong medium-term growth momentum for the company.

The operating income grew 16.2% YoY as diverse programs that offer benefits to long-term subscribers (including handset discount program and data refill service) successfully drove up profitability by reducing customer churn rate.

SK Telecom’s average churn rate for the year 2013 stood at 2.3%, decreasing by 0.3%p compared to that of the previous year. Moreover, quarterly churn rates continues to fall (2.1% in 4Q), proving the effectiveness of the company’s market stabilization efforts.

The consolidated net income for the year 2013 jumped 44.3% YoY backed by strong performance of its subsidiaries including SK Hynix. In 2013, SK Hynix recorded KRW 600 billion from the gain on valuation using the equity method of accounting.

Last year, SK Telecom has once again proven its differentiated network quality by successfully commercializing the world’s first LTE-Advanced service in June 2013, and led the market towards a service/product-oriented competition by introducing diverse plans and programs that increase customer benefits.

By achieving innovations in its mobile network operation business and promoting further growth in its new growth businesses, the company is determined to secure a stronger competitiveness, while maximizing customer value.

To this end, SK Telecom will enhance its network quality by launching “20MHz + 10MHz” LTE-Advanced service in the second half of 2014, while accelerating the development and application of diverse next-generation network technologies including LTE-Advanced 3 Band Carrier Aggregation. Moreover, the company plans to expand its product/service offerings by launching over 20 products in five core service categories namely Communication Platform, Home Service, Media Service, Entertainment Service and Security Service. In this context, SK Telecom has launched ‘T Phone,’ an All-IP communications platform, and ‘B Box,’ a home hub device on January 23, 2014.

Furthermore, ICT-based convergence business, one of the company’s three designated growth pillars, is expected to grow at a more rapid pace. Enterprise solution business, in particular, will solidify its competitiveness by developing solutions that combine the cloud and big data, while focusing on promoting smart work solutions that help enhance corporate productivity and green solutions designed to reduce energy consumption.

SK Telecom (Nasdaq: SKM)

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Light Reading’s Upskill U is a FREE, interactive, online educational resource that delivers must-have education on themes that relate to the overall business transformation taking place in the communications industry.
Friday, October 28, 1:00PM EDT
Security: The Plusses and Minuses of Open Source Software
Nick Feamster, Acting Director, Center for Information Technology Policy, Princeton University
Wednesday, November 9, 1:00PM EST
MANO 101
Friday, November 11, 1:00PM EST
Open Source for NFV MANO
Wednesday, November 16, 1:00PM EST
SDN 101
John Isch, Practice Director, Network & Voice, Orange Business Services
in association with:
From The Founder
Light Reading today starts a new voyage as part of a larger Enterprise.
Flash Poll
Live Streaming Video
Charting the CSP's Future
Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
LRTV Custom TV
OneAccess NFV Solutions

10|26|16   |   5:30   |   (0) comments

Antoine Clerget, CTO of OneAccess, discusses how his company has expanded its product line from enterprise-class routers to include a universal virtualized CPE as well as a suite of VNFs to help telco customers evolve to an NFV future.
LRTV Custom TV
The Journey Toward Carrier-Grade WiFi

10|26|16   |   3:39   |   (0) comments

In this Light Reading interview, Dave Sperling, CTO at Smith Micro Software and active participant of the WBA's policy working group, discusses the need for carrier-grade WiFi. Technical and business challenges slowing the fulfillment of this goal are addressed, as well as management strategies that will enable communication service providers to optimize end user ...
LRTV Custom TV
ZTE BBWF Highlights

10|26|16   |     |   (0) comments

At BBWF 2016, ZTE showed a broad range of innovative technologies that are kick-starting an ultrafast broadband journey.
LRTV Custom TV
Next-Generation Technology Beyond DOCSIS 3.1

10|20|16   |     |   (0) comments

At SCTE 2016, Huawei's Liu Jianhua speaks with Alan Breznick for an exclusive interview.
LRTV Custom TV
Hybrid Video Solutions to Change TV, Change Future

10|20|16   |     |   (0) comments

At SCTE 2016, Huawei's Ian Locke speaks with Alan Breznick for an exclusive interview.
LRTV Custom TV
Huawei Future-Oriented Giga Coax Network

10|20|16   |     |   (0) comments

At SCTE 2016, Huawei's Allen Wang speaks with Alan Breznick for an exclusive interview.
LRTV Custom TV
Huawei at SCTE 2016

10|20|16   |     |   (0) comments

Join Alan Breznick of Light Reading and take a sneak peek at the Huawei booth at SCTE 2016.
LRTV Custom TV
Assuring Network Quality in a Rapidly Changing Environment

10|20|16   |     |   (0) comments

As the rate of change and complexity increases in agile networks, the importance of introducing DevOps methodologies for integrating active test and assurance solutions throughout the full service lifecycle becomes critical to ensure that customers are experiencing the service quality they demand. The industry landscape is changing, and software-based test and ...
Telecom Innovators Video Showcase
A10 Networks on Service Providers' Industry Needs

10|20|16   |     |   (0) comments

Light Reading's Steve Saunders hears how A10 enables service providers to accelerate, secure and optimize their application delivery to drive down costs, enhance service availability, and better respond to customer requirements, so they can improve customer satisfaction, monetize their network, and grow revenues.
LRTV Custom TV
New NFV Use Cases for Cable TV

10|19|16   |     |   (0) comments

A large number of NFV use cases are focused on the enterprise domain, looking at virtualization of customer-premises equipment (CPE). To date, there has been little focus on the use cases and business case for virtualization of the video content delivery networks required to deliver unicast and streaming video to consumers. Amdocs commissioned Analysys Mason to ...
Women in Comms Introduction Videos
Meet the Future Workforce: New Faces, Expectations & Motivations

10|19|16   |   5:33   |   (1) comment

Millennials and their younger peers, Gen Z, expect more out of their network and more out of their work. Intel's Lynn Comp shares how the industry can prepare for this new generation of workers.
LRTV Custom TV
ZTE Global Services User Congress 2016 Highlights

10|19|16   |     |   (0) comments

ZTE held its 2nd Global Service User Conference in Dusseldorf on October 13-14. Representatives from network operators, leading industry analysts and ZTE senior expertsattended the event, exploring the best practice in managed services and the vision to transform network operations into the operations center of the future (OpCF) in the software-defined networking ...
Upcoming Live Events
November 3, 2016, The Montcalm Marble Arch, London
November 30, 2016, The Westin Times Square, New York City
December 1, 2016, The Westin Times Square, New York, NY
December 6-8, 2016, The Westin Excelsior, Rome
May 16-17, 2017, Austin Convention Center, Austin, TX
All Upcoming Live Events
Hot Topics
Attacks Have Major Internet Sites on the Ropes
Brian Santo, Senior editor, Test & Measurement / Components, Light Reading, 10/21/2016
Trump: Dump AT&T/TW & Comcast/NBC
Alan Breznick, Cable/Video Practice Leader, Light Reading, 10/24/2016
Google Fiber Hits Pause Button, Scales Back
Alan Breznick, Cable/Video Practice Leader, Light Reading, 10/26/2016
Layer3 TV Comes to Town, Hints at Future
Mari Silbey, Senior Editor, Cable/Video, 10/21/2016
T-Mobile: AT&T & TW Means Ma Bell Not Focused on Mobile
Dan Jones, Mobile Editor, 10/24/2016
Like Us on Facebook
Twitter Feed
BETWEEN THE CEOs - Executive Interviews
Join us for an in-depth interview between Steve Saunders of Light Reading and Alexis Black Bjorlin of Intel as they discuss the release of the company's Silicon Photonics platform, its performance, long-term prospects, customer expectations and much more.
There's no question that, come 2020, 5G technology will turn the world's conception of what mobile networking is on its head. Within the world of 5G development, Dr. ...
Animals with Phones
'Oh, Were You Looking for This?' Click Here
'I was just playing some games...'
Live Digital Audio

A vital part of increasing the number of women in comms is transforming the ways companies can support and empower women. While progressive company policies that support both men and women in achieving work-life balance are a step in the right direction, creating a company culture that supports those policies can at times be more challenging.

During this show, we'll talk to Lynn Comp, Senior Director of Industry and Sales Enabling (ISE) in the Network Platforms Group at Intel, about why those challenges exist and how companies can overcome them. She'll provide insight into how Intel has worked to create a culture that supports work-life balance, and provide steps and guidance for other companies wishing to do the same. We will also leave plenty of time to get your questions answered live on the air.