Korean telecommunication company,
) is developing its LTE-Advanced services in collaboration with
). The company will offer services like LTE-Advanced, LTE, WiBro
(WiMAX), and Wi-Fi mobile data through its cell sites with the
help of Alcatel-Lucent IP-based mobile backhaul network
deployment. This deal will also help SKTelecomto improve mobile
IPTV service capabilities and enhance customer satisfaction by
providing new mobile services.
SK Telecom continues to maintain its leadership position in
the Korean wireless market. We believe that strong smartphone
offerings, 3G network, 4G LTE network expansion and cloud
computing business will fuel the company's future growth.
The demand for smartphones and high-speed data services is
growing rapidly, leading to greater requirement for wireless data
services. Additionally, SK Telecom's
) iPhones and iPad offerings are gaining traction in the Korean
market and driving revenues.
SK Telecom unveiled the world's first LTE-Advanced (LTE-A)
network that renders speed of up to 150 Mbps that is twice as
fast as LTE and 10 times swifter than the 3G network. Management
has already commercialized the newly launched network across the
Seoul region and the central cities of Gyeonggi-do and
Chungcheong-do, with plans to broaden the coverage to 84 cities
across the nation in the coming months.
Along with network expansion, the company is also
offering the LTE-A friendly handset - Samsung Galaxy S4 LTE-A,
the world's first LTE-Advanced phone allowing better usage of
bandwidth and supporting faster network speed. Moreover, the new
device is powered with
) processor and can download multiple LTE radio channels
simultaneously, unlike other existing 4G LTE handsets. The
company also aims to introduce seven more smartphones in the
later half of 2013.
We believe that this advanced network coupled with latest
devices will enhance the popularity of high quality broadcasting
and video content as well as boost the customer service
SK Telecom currently has a Zacks Rank #1 (Strong Buy).
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