SK Telecom ends Q3 with 12.47 million 5G subscribers

Through the first three quarter of the yr, SK Telecom recorded a web addition of two.59 million 5G prospects

SK Telecom, South Korea’s largest telecom operator, ended the third quarter of the yr with a complete of 12.47 million subscribers within the 5G phase, up 44.1% year-on-year, the provider mentioned in its earnings assertion.

Through the first three quarter of the yr, SK Telecom recorded a web addition of two.59 million 5G prospects. The corporate mentioned it’s on observe to achieve the purpose of 13 million 5G subscribers by the tip of the yr.

On the finish of the third quarter, the provider’s 5G subscribers accounted for 53% of its general handset subscribers, up from 36% on the finish of September 2022.

The telco ended Q3 with a complete of 32.83 million cellular subscribers, climbing 3.9% versus Q3 2021.

In Q3, the telco’s cellular service income was up 1.9percentyear-on-year to KRW2.6 trillion ($1.9 billion), with ARPU flat at KRW30,633.

In the meantime, the operator’s web revenue declined by 66.7% to KRW246 billion as a result of one-off elements together with the exclusion of fairness methodology positive factors from subsidiary SK Hynix.

The telco’s working income in Q3 grew by 3% to KRW4.3 trillion.

Earlier this week, SK Telecom introduced a technique via which the agency goals to turn into a man-made intelligence (AI) firm.

The telco’s CEO Ryu Younger-sang mentioned throughout a gathering with staff that SK Telecom will form itself into an AI firm by combining AI with a variety of connectivity applied sciences. “We are going to leap into SK Telecom’s model of a distinguished AI firm that mixes AI with connective applied sciences based mostly on our predominant enterprise of telecommunications,” the chief mentioned.

To attain the brand new imaginative and prescient, the provider unveiled the next three methods designed to innovate its 5 enterprise teams.

Firstly, the provider mentioned it would redefine its core companies with AI. By reaching AI transformation of its fastened and cellular telecommunications, media and enterprise companies, the corporate mentioned it goals to create new alternatives and progress drivers.

Secondly, SK Telecom will strengthen buyer relationships by making use of new applied sciences and content material to AI-based companies like ‘A.,’ ‘ifland’ and ‘T Universe.’

Thirdly, SK Telecom mentioned it would spend money on or purchase firms that may create larger synergies when mixed with its AI applied sciences.

“Though we achieved regular progress over the previous yr, we are actually standing on the level of transformation introduced by sudden adjustments within the worldwide state of affairs,” mentioned Ryu. “We are going to stay robust and steadfast and proceed on our path towards reaching the imaginative and prescient of changing into an AI Firm, whereas completely getting ready ourselves for all potential challenges, dangers and threats,” he added.

Final yr, the corporate rearranged its enterprise into 5 totally different teams, particularly fastened and cellular telecommunications, media, enterprise, AIVERSE (AI+Universe), and related intelligence.

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