SK Telecom has posted its results for the fourth quarter of 2012, say news reports.
The operator has registered a 2.3 per cent increase in revenue to KRW 16.301 trillion in 2012. Also, in the fourth quarter of 2012, SK Telecom?s revenue increased by 1.7 per cent to KRW 4.197 trillion.
Consolidated net income decreased by 29.5 per cent to KRW 1.116 trillion in 2012. The marginal increase in revenue was despite expanded revenue-decreasing factors like mobile rate cuts and diversified competitive landscape.
Moreover, SK Telecom increased growth in its enterprise business and the number of LTE subscribers. Operating income decreased by 23.3 per cent in 2012 due to factors including increases in LTE marketing expenses driven by growth of LTE subscribers and investment costs to upgrade networks to accommodate surging data traffic.
For the fourth quarter of 2012, net income increased by 195.5 per cent to KRW 519.1 billion. Capital expenditure for 2012 was KRW 2.858 trillion, a 25.5 per cent increase.
