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SK Telecom gains more customers than rivals in Oct (South Korea)

  • November 3rd, 2008
  • 10:41 am

SK Telecom Co., South Korea’s leading mobile carrier, gained more customers than its rivals in October, maintaining its lead in the country’s saturated telecom market, according to data released by mobile carriers .

SK Telecom reported that it attracted a net 52,029 customers last month, with its total subscription base increasing to 22.93 million.

KTF ranked second, drawing in a net 35,543 users, bringing its customer base to 14.3 million. The smallest company, LG Telecom Ltd. , attracted an additional 23,497 customers, with its total number of customers reaching 8.16 million.

Based on the figures, South Korea had 45.39 million mobile service users out of a population of 49 million as of the end of last month.

Users of KTF’s 3G service, a third-generation wireless service that allows faster data transfers compared to second-generation CDMA-based services, reached 7.7 million as of the end of October, followed by SK Telecom’s 3G service, with 7.6 million subscribers, the reports said.

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Microsoft & LG in a mobile collaboration deal (South Korea)

  • November 3rd, 2008
  • 10:23 am

Microsoft and LG Electronics have inked a preliminary agreement on strategic collaboration in mobile technology. “The agreement ensures continued strategic collaboration in R&D, marketing, applications, and services in the field of converged mobile devices,” LG said. While, LG’s home market rival Samsung Electronics have also launched the domestic version of the Omnia touch screen handset model, based on Microsoft’s Windows Mobile 6.1 operating system. Samsung said, the model will be available from mid-November under an exclusive deal with No. 1 mobile operator SK Telecom.

Microsoft is anticipating that its Windows Mobile operating system can continue to give competition to Symbian, a platform backed by the world’s top mobile phone maker Nokia and used in two-thirds of smartphones - mobile handsets with computer-like capabilities.
Research in Motion and Apple’s iPhone racing to threat Symbian, while several manufacturers are planning or have started to roll out smartphones based on Google’s Android software. Both LG and Samsung are members of the Symbian Foundation and are also developing models based on Android.

SK Telecom posts a fall of 58% in Q3′08 earnings (South Korea)

  • October 30th, 2008
  • 6:31 am

SK Telecom, South Korea, posts a fall Q3′08 earnings by 58% on increased marketing costs.
Net income earned 333.6 billion won (US$224.5 million) Q3′08, compared with 777 billion won in Q3′07.
Sales grew by 2.98% to 2.89 trillion won in Q3, while operating profit slipped by 6.06% to 504 billion won.

   

SK Telecom plans a share buy back worth $71.35Mn (South Korea)

  • October 24th, 2008
  • 7:06 am

SK Telecom , South Korea, plans to buy back and cancel its $71.35 million worth of its shares. SK Telecom said the buy back of the shares would take place in the market between Oct. 27 and Jan. 26.

   

Virgin Mobile appoints two SK Telecom Execs to it’s board (USA)

  • September 17th, 2008
  • 6:58 am

Virgin Mobile appoints SK Telecom’s Richard Chin and Sungwon Suh to its board after it acquired Helio and SK Telecom’s investment in the company.
Chin is President of SK Telecom Americas and is responsible for the company businesses and a goal to develop oppurtunities for greater market penetration.
Suh is EVP and Head of Global Strategy and Investment for SK Telecom and oversees operator’s globalization drive of partnerships and acquisitions.

   

SK telecom to invest 200 billion in network (South Korea)

  • September 10th, 2008
  • 11:20 am

SK Telecom is planning to invest 200 billion in network equipment, media reported. According to SK telecom, the investment would continue until December.

SK Telecom plans an investment of $185.1 million (South Korea)

  • September 9th, 2008
  • 5:21 am

SK Telecom, South Korean mobile operator, is planning an investment of 200 billion won ($185.1 million) for network equipment.

In a filing to the country’s regulator of finance, the telco said the investment will continue until December.

   

SK Telekom secures funds to upgrade W-CDMA network capacity (South Korea)

  • August 22nd, 2008
  • 1:46 pm

SK Telecom, announced of it increasing the amount has been set aside for service improvements in 2008 to KRW1.97 trillion (USD1.87 billion). The funds will be used to increase the capacity of it’s W-CDMA network following an increase in subscribers to its 3G services.

   

Regulators of South Korea yet to decide upon 800MHz spectrum

  • August 8th, 2008
  • 7:32 am

Korea Communications Commission (KCC) has postponed its decision on whether to force the top mobile carrier, SK Telecom, to share the 800MHz spectrum with its two rivals—KTF and LG Telecom, Media reports. However, 5 members of the regulator’s standing committee has decided to discuss the so-called spectrum -roaming plan late this year when it drafts a comprehensive plan for spectrum reallocations. According to industry sources, SK Telecom is likely to retain its exclusive right to the so-called “golden spectrum” until 2011 as planned because a majority of the members of the standing committee favoured a plan to let mobile operators resolve the issue.

SK Telecom thrashes the rival in enticing customers (South Korea)

  • August 1st, 2008
  • 12:06 pm

In July, South korean leading mobile carrier has shown good results in gaining customers compare to its rivals, according to the statistics. SK Telecom reports net 26,040 customers last month, with its total subscription base increasing to 22.77 million. KTF stands second in luring a net 20,906 users, while its customer base rose to 14.18 million. LG Telecom Ltd. lures 20,404 customers, with its total number of customers reaching 8.09 million. Comparing the users of 3G services, KTF leads with 6.76 million follwed by SK Telecom with 6.55 million subscribers.