South Korean telecom operator SK Telecom has reached 8.65 million 5G users
After KT released its third-quarter financial report, SK
Telecom, the largest telecommunications operator in South Korea, also released
its third-quarter financial report today. Like KT, their net profit for the
quarter also increased significantly year-on-year.
According to foreign media reports, after KT released its third-quarter
financial report, South Korea’s largest telecom operator SK Telecom also
released its third-quarter financial report today. Like KT, their net profit
for the quarter also increased significantly year-on-year.
SK Telecom’s third-quarter financial report released on
Wednesday showed that their revenue in the third quarter was 4.97 trillion won,
equivalent to 4.205 billion U.S. dollars, which was higher than 4.73 trillion
won in the same period last year and a year-on-year increase of 5%; also higher
than the previous quarter’s 4.8 Trillions of won, an increase of 3.1% from the
previous month.
In terms of net profit, the financial report showed that it
was 736.5 billion won, which was much higher than the 391.8 billion in the same
period last year, an increase of 88% year-on-year, but it was less than the
previous quarter's 795.7 billion won, a decrease of 7.4% from the previous
quarter.
Foreign media reported that as the largest
telecommunications operator in South Korea, SK Telecom’s third-quarter net
profit increased significantly year-on-year, due to the substantial increase in
5G users and the increase in equity income.
In terms of 5G users, SK Telecom disclosed in its financial
report that as of the end of the third quarter, their 5G users reached 8.65
million, an increase of nearly 950,000 from the end of the second quarter.