Korean telecom service provider SK Telecom has announced that its revenues increased by 2.3% in 2012 in comparison to previous year due to LTE and growth of its enterprise business and subsidiaries.

Korean telecom service provider SK Telecom has announced that its revenues increased by 2.3% in 2012 in comparison to previous year due to LTE and growth of its enterprise business and subsidiaries. The operating income decreased by 23.3% YoY due to factors including increases in LTE marketing expenses driven by rapid growth of LTE subscribers and investment costs to upgrade networks to accommodate surging data traffic.

SK Telecom has completed nationwide LTE rollout and commercialized LTE Multi Carrier on July 1, 2012. CapEx for the year 2012 recorded KRW 2.858 trillion, representing a 25.5% rise compared to that of the year 2011.

The company is also providing its customers with differentiated services like T Freemium and actively launching new all-IP services like HD Voice (VoLTE) and joyn.T (RCS). SK Telecom’s constant efforts to upgrade network quality and create innovative services have resulted in early achievement of its 2012 year-end target of acquiring 7 million LTE subscribers as of December 12, 2012. The total number of SK Telecom’s LTE subscribers reached 7.53 million as of the end of 2012.