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SK Telecom
(KOSE: A017670)
Korea
The largest mobile-phone operator in Korea, SK Telecom is always at the forefront of upgrading networks to hang onto its 51% market share of the home turf. But with virtually every citizen aged 15 and over already owning a cell phone, the company is venturing into new businesses to keep growing. Its data revenues jumped 35%, to $2.6 billion, in 2005, helped by its online music shop that has 700,000 paid subscribers and a wireless Internet portal that offers multimedia services such as video-on-demand, online games, and news feeds. It also set up an affiliate that is using SK's satellite to beam TV programs to the tiny screens of nearly 500,000 subscribers. The company also is expanding its reach overseas. In May, its U.S. joint venture with Earthlink launched a mobile service called Helio targeting heavy data users. Helio offers access to the social-networking site MySpace and lets users buy content, such as games, which can be delivered over the air to handsets.
Company Info |
|
| 2005 Rank | Not Ranked |
| Sales* ($ Millions) | 11,310.0 |
| Sales Growth (over prev. year) |
1 % |
| Profits* ($ Millions) | 1,975.7 |
| Return on Equity | 22.8 % |
| Total Return on Sales (12-mo.) | 27.1 |
| Share Price As of 5/31/06 | 237.90 |
| CURRENT MARKET INFO | KOSE: A017670 |
| No. of Employees | |
| Industry | Telecommunications |
| COMPANY WEB SITE > | |
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat
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Company Snapshot
SK Telecom provides wireless telecommunications services in Korea. The company offers cellular services using a network of code division multiple access technology. SK Telecom also develops and commercializes wireless Internet services. It also offers Internet content and services, as well as provides Internet access to its subscribers. Through its subsidiary, SK Teletech, the company designs, markets, and sells digital handsets under the brand name 'Sky'. SK Telecom, through another subsidiary, SK Telink, offers international telecommunications services, including direct-dial, as well as prepaid and postpaid card calling services, bundled services for corporate customers, voice services using Internet protocol, Web-to-phone services, and data services. As of June, 2005, the company had approximately 19.2 million subscribers. SK Telecom also provides telematic services that provide drivers with real-time location and traffic information. In addition, it offers commercial mobile phone services in the United States. The company was established in 1984 under the name Korea Mobile Telecommunications Co., Ltd. and changed its name to SK Telecom in 1997. The company is headquartered in Seoul, South Korea.
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