SK Telecom Adds 300K LTE-Advanced Subs
The Korean operator went live with LTE-Advanced, boasting the world's first network to support the latest 4G release with carrier aggregation, at the end of June. The network now covers the entire Seoul area and the central areas of 84 cities in the region, up from an initial 42 cities, with dwnlink peak speeds of 150 Mbit/s. The additional base stations will help SK Telecom reach 300 universities, up from 103 at launch. (See SK Telecom Debuts LTE-Advanced.)
It launched LTE-Advanced with one compatible smartphone, the Samsung Corp. Galaxy S4 LTE-A, and its traditional 4G pricing plans but is now prepping new pricing plans and services to run on the zippier network. Some of the services will include a push into new enterprise verticals such as healthcare and media. The carrier has also promised seven total LTE-A smartphones before the end of the year.
SK Telecom provided updated details on its LTE-A services as part of its second quarter earnings in which its LTE leadership paid off. The Korean operator reported a second-quarter profit of 468 billion won (US$420 million), nearly quadruple the 121 billion won it reported last year. It ended the quarter with 11 million LTE subscribers, making up more than 40 percent of its total mobile customer base.
— Sarah Reedy, Senior Editor, Light Reading