SK Telecom announced revenue of KRW 4.154 trillion (–4.4 percent), operating income of KRW 346.9 billion (–18 percent), and net income of KRW 914.3 billion in Q2 2018.
The dip in SK Telecom’s revenue and operating income was due to earnings drop in mobile communications industry.
SK Telecom said its earnings in the mobile communications industry slipped with a rise in the number of selective discount plan subscribers, the plan’s increased discount rate, additional discount for the underprivileged and compensation money paid out for service disconnection.
SK Telecom, as part of innovations, introduced optimal mobile plan recommendation system that reflects user’s actual mobile usage and revamped its mobile plan, roaming and membership programs.
The mobile operator launched “T Rental” a handset rental service and “T Plan,” mobile phone plan offering more mobile data at the discounted price.
SK Telecom won 100 MHz of bandwidth on 3.5-gigahertz spectrum during the 5G spectrum auction in June.
“To ensure sustainable long-term growth, we will revamp the telecommunications industry’s business structure and takeoff as a comprehensive ICT company, bringing about fundamental changes in the overall business structure,” said Ryu Young-Sang, executive vice president, Corporate Center of SK Telecom.
