SK Telecom, in its earnings report for 2024, has revealed the growth in the number of 5G and broadband customers during the year.
The number of 5G subscribers at SK Telecom has reached 16.9 million in Q4 2024 from 16.6 million in Q3, 16.2 million in Q2, 15.9 million in Q1, and 15.5 million in Q4 2023.
The number of broadband and IPTV subscribers at SK Telecom has reached 7.156 million in Q4 2024 from 7.113 million in Q3, 7.048 million in Q2, 6.99 million in Q1, and 6.926 million in Q4 2023.
SK Telecom’s AIX revenue has increased to KRW 193 billion in 2024 from KRW 146.2 billion in 2023.
SK Telecom’s AI DC revenue has increased to KRW 397.4 billion in 2024 from KRW 351.4 billion in 2023.
SK Telecom has posted revenue of KRW 17.9406 trillion and operating income of KRW 1.8234 trillion. This was thanks to revenue growth in both fixed and mobile communications and AI businesses, each increasing by 1.9 percent and 4.0 percent respectively compared to the previous year. SK Telecom’s net income was KRW 1.4388 trillion.
SK Broadband’s revenue and operating income, recorded at KRW 4.4111 trillion and KRW 351.7 billion respectively, increased by 3.1 percent and 13.7 percent. The growth was led by increased pay TV subscribers and B2B businesses.
SK Telecom is embarking on the establishment of an AI Infrastructure Superhighway, leveraging the company’s competitiveness in AI technology and services. The company plans to actively pursue the monetization of AI business.
SK Telecom is accelerating the construction of its AI Infrastructure Superhighway, focusing on three axes: AI data center (AIDC), GPU-as-a-Service (GPUaaS), and Edge AI.
To boost the AIDC business, SK Telecom invested in Lambda, a global GPU cloud company, and signed an investment contract with Penguin Solutions, a leader in integrated AI data center solutions.
Last year, SK Telecom launched A., equipped with multi-large language model (LLM) agent capabilities and a PC version. The company also introduced ‘A. Phone’ by enhancing AI call features in T Phone application. These large-scale service upgrades expanded AI-powered personal services from AI calls to LLM-based search, resulting in A.’s user base exceeding 8 million by the end of 2024.
“Last year, we strengthened our competitiveness in the telecommunications sector and laid the foundation for our transformation into an AI company,” said Kim Yang-seob, CFO of SK Telecom. “In 2025, we will continue to pioneer the AI era through determination and innovation.”
Baburajan Kizhakedath