SK Telecom's revenue grows 5% in 2020 on 15% increase in New ICT business

Wednesday 3 February 2021 | 08:36 CET | News
South Korean operator SK Telecom posted revenue of KRW 18.625 trillion for the twelve months of 2020, which represents an increase of 5 percent compared to 2019. This revenue growth was mainly boosted by a 15.3 percent increase in SK Telecom's 'New ICT' business areas, including media and commerce, along with a 2.8 percent revenue increase posted by the MNO business thanks to 5G subscriber additions. The combined total operating income of the New ICT businesses accounted for 24 percent of the company's operating income for 2020.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: SK Broadband / SK Hynix / SK Telecom / T-broad
Countries: Korea, Republic of
::: add a comment
This article is part of dossier


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


SK Telecom to split into two companies

Published 15 Apr 2021 07:38 CET | Korea, Republic of
South Korea's SK Telecom plans to split into two companies. The horizontal spin-off is aimed at increasing enterprise and ...

Korean govt looks to boost 5G competition through MVNO mobile data plans

Published 01 Apr 2021 07:57 CET | Korea, Republic of
South Korea's ICT ministry has announced plans to boost competition on the local 5G market through the release of affordable ...

SK hynix to invest KRW 120 trillion in new semiconductor plant deployment

Published 29 Mar 2021 17:35 CET | Korea, Republic of
South Korea has approved local chipmaker SK hynix's project to build a new semiconductor plant. Overall investments in the ...

Singtel, SK Telecom test interconnected MEC with Bridge Alliance platform

Published 17 Mar 2021 09:55 CET | Korea, Republic of
The Bridge Alliance announced it has completed the first phase of a proof of concept for the edge cloud federation, involving ...

KT, LG Uplus invest in SK Telecom's One Store, develop joint app store in South Korea

Published 03 Mar 2021 06:37 CET | Korea, Republic of
South Korean operators KT and LG Uplus have invested a total of KRW 26 billion in SK Telecom's subsidiary One Store to acquire a ...

SK Telecom to develop MyData Cloud system for banking sector with Standard Chartered Bank

Published 22 Feb 2021 14:59 CET | Korea, Republic of
South Korean operator SK Telecom will partner with Standard Chartered Bank to launch a MyData Cloud system for the banking ...

Dell, SK Telecom, VMware launch 5G and edge computing platform for enterprises

Published 29 Jan 2021 07:17 CET | Korea, Republic of
Dell Technologies, SK Telecom and VMware have teamed up to develop OneBox MEC, a single box approach designed to provide ...

SK Telecom to power urban air mobility commercialization in South Korea

Published 28 Jan 2021 06:51 CET | Korea, Republic of
South Korean operator SK Telecom has signed an agreement with the Korea Airports Corporation, Hanwha Systems and the Korea ...

KT to offer SK Telecom's V Coloring video ringback tone service - report

Published 25 Jan 2021 15:26 CET | Korea, Republic of
South Korean operator SK Telecom has signed a partnership agreement with market competitor KT. Under the terms of the deal, KT ...

LG Uplus to shut down 2G service by June

Published 15 Jan 2021 09:47 CET | Korea, Republic of
South Korean operator LG Uplus has announced it will phase out its 2G services by the end of June, Yonhap news agency reports. LG ...

SK Telecom to launch online-only mobile plans on 15 January, offer 30% lower rates

Published 13 Jan 2021 07:00 CET | Korea, Republic of
South Korean operator SK Telecom has announced it will launch online-only mobile plans on 15 January. The operator will offer six ...

South Korea reaches average 5G download speeds of 691 Mbps

Published 31 Dec 2020 07:04 CET | Korea, Republic of
South Korea's 5G download speed and overall quality improved in the second half of the year compared to the first half of 2020. ...

LG Uplus leads 5G service performance in South Korea - study

Published 30 Dec 2020 08:12 CET | Korea, Republic of
In terms of 5G performance, LG Uplus is the operator with the widest coverage, the fastest speed as well as the most efficient ...

SK Telecom's Q3 profit jumps more than 44% on equity gains from SK Hynix unit

Published 05 Nov 2020 07:23 CET | Korea, Republic of
South Korean operator SK Telecom posted revenue of KRW 4.73 trillion for the third quarter of 2020, which represents an increase ...