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SK Telecom’s 5G and Cloud Services Drive Growth in 2024
Company Announcements

SK Telecom’s 5G and Cloud Services Drive Growth in 2024

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Sk Telecom ( (SKM) ) has issued an announcement.

SK Telecom has maintained profitability through its strong 5G subscriber base, which constitutes over 70% of its total subscribers. The company achieved a revenue increase in its enterprise business and cloud services, with a significant 30% growth in the cloud segment for the first nine months of 2024. Additionally, SK Telecom’s Korean language GPT-3 based service, A., saw an update and reached over 5.50 million registered users, enhancing customer interaction and service delivery.

More about Sk Telecom

SK Telecom Co., Ltd. is a leading telecommunications company operating in the wireless and fixed-line business sectors. It provides cellular voice, wireless data, fixed-line telephone, high-speed Internet services, and commercial retail data broadcasting channel services. The company is renowned for its premium network operations in the 5G market and focuses on technological leadership and network management.

YTD Price Performance: 1.78%

Average Trading Volume: 232,527

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $8.33B

See more data about SKM stock on TipRanks’ Stock Analysis page.

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