Profit Declines At SK Telecom
SK Telecom Corp Ltd (NYSE:SKM), a leading South Korean telecom operator, has reported third quarter net income of KRW $384 billion ($346 million), down 18.5% year over year. The downfall was due to increased investments in advanced wireless networks and software services. Revenues Revenues grew 1.9% year over year to KRW 4.065 trillion ($3.65 billion) [...]
SK Telecom Corp Ltd (NYSE:SKM), a leading South Korean telecom operator, has reported third quarter net income of KRW $384 billion ($346 million), down 18.5% year over year. The downfall was due to increased investments in advanced wireless networks and software services.
Revenues
Revenues grew 1.9% year over year to KRW 4.065 trillion ($3.65 billion) on increased wireless Internet usage and new business models. Mobile service revenue slipped 1.1% year over year to KRW 2.71 trillion ($2.44 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards