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Wireless

SK grows Q4 revenues 4.3%, half customers using LTE

Tuesday 28 January 2014 | 13:58 CET | News
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Korea's SK Telecom reported fourth-quarter revenues of KRW 4.295 trillion, up 4.3 percent from KRW 4.156 trillion a year earlier, thanks to growth in LTE subscribers and expansion in new business services. EBITDA was little changed year-on-year at KRW 1.238 billion, leading to a 1 percent point drop in the margin to 28.8 percent. This was due to increased personnel costs, offset in part by reductions in mobile subsidies and marketing spend. The net profit dipped to KRW 502.2 billion from a profit of KRW 519.1 billion a year ago. SK's capital expenditure over the full year 2013 fell 19 percent

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Categories: Mobile & Wireless
Companies: SK Telecom
Countries: Korea, Republic of
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