SK Telecom Boasts 7M LTE Subscribers

SEOUL, South Korea -- SK Telecom (NYSE: SKM) announced today that its LTE subscribers surpassed 7 million as of December 12, 2012, thereby achieving the end of year target for LTE subscribers.

SK Telecom exceeded the 7 million subscriber mark in just one year and five months after launching Korea’s first LTE service in July 2011, whereas it took the company two years and four months to acquire 7 million 3G WCDMA subscribers since commercializing the service in May 2006.

At present, the company’s LTE subscribers take up 26 percent of its total mobile subscriber base, expanding 11 fold compared to the end of November 2011 when it reported 630,000 LTE subscribers, accounting for a mere 2.4 percent of the total.

SK Telecom (Nasdaq: SKM)