SEOUL, South Korea -- SK Telecom (NYSE:SKM) announced its earnings on a K-IFRS consolidated basis for year 2012: revenue of KRW 16.301 trillion, operating income of KRW 1.760 trillion and net income of KRW 1.116 triillion.
Despite expanded revenue-decreasing factors like mobile rate cuts and diversified competitive landscape, the revenue increased by 2.3% year-on-year (YoY) backed by its strengthened leadership in LTE, growth of its enterprise business, and strong performance of subsidiaries including SK Broadband and SK Planet.
The operating income decreased by 23.3% YoY due to factors including increases in LTE marketing expenses driven by rapid growth of LTE subscribers and investment costs to upgrade networks to accommodate surging data traffic. The consolidated net income for the year 2012 stood at KRW 1.116 trillion, 29.5% lower than that of the previous year.
Light Reading founder Steve Saunders recently visited the University of North Carolina Charlotte (UNCC) where Cisco's Tetration application is providing data center analytics, simplifying SDN, helping with cloud migration and overseeing white-list security policy.
A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.