SK Telecom sees profit jump but revenue growth slow; 4G accounts for 61% of mobile base

South Korea’s largest mobile operator SK Telecom saw its Q1 profit jump sharply, but revenue slowed due to the government phasing out activation fees and lowering interconnect rates. The operator’s net income jumped 65.6 per cent to KRW442.7 billion ($409 …

The post SK Telecom sees profit jump but revenue growth slow; 4G accounts for 61% of mobile base appeared first on Mobile World Live.

Subsidy law hits LG Uplus, net profit falls 19%

South Korea’s LG Uplus suffered a decline in both net income and revenue last year, as a sharp drop in handset revenue weighed down its overall business. Despite a 53 per cent increase in operating income in Q4, the operator’s …

The post Subsidy law hits LG Uplus, net profit falls 19% appeared first on Mobile World Live.