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SK Telecom prepared $2.2 billion for growth over the next 5 years. Aside from the “basic” idea to develop new technology and services, the South Korea-based operator may also opt for some acquisitions and other ventures outside its domestic market. Let’s face it, South Korean market is almost fully saturated, with 95% of the population owning a mobile phone and 92% of households having broadband access.
The main competitor to SK Telecom and its affiliate SK Broadband is KT Corp, the country’s biggest fixed-line and broadband provider and its mobile unit KTF, as well as telecom units of LG Group.
We’ve recently reported that Nokia is re-entering the Korean market and it seems SK Telecom also wants a piece of the action. KTF may started the wave, but I’m sure the Finnish giant doesn’t have any problems dealing with multiple carriers.
As for the foreign investments, China always sounds like a good idea, and the company has already a small stake in China Unicom and has also invested in mobile content and other businesses in the world’s still fastest growing economy. Further expansion to China is definitely on SK Telecom executives’ agenda…
[Via: Reuters]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
