SK Telecom Co.,Ltd (NYSE:SKM) Q3 2023 Earnings Call Transcript

Ji Hyung Kim: I am Kim Ji Hyung, Head of Integrated Marketing Strategy Office. As the number of 5G subscribers increases, we are positively considering to allow 5G handsets to use LTE price plans and vice versa. And we will be able to offer these plans as early as within November. As of the end of September, the share of 5G subscribers in terms of handsets is 66%. Since it’s been 4.5 years since the 5G launch, the rate of 5G subscriber growth has been slowing, but the upward trend is still very clear, and we expect this upward trend to continue. And in terms of their revenue impact, we will need to consider and monitor both cases of going up the price plans and down the price plans. Next, I’d like to comment on our plans regarding affordable lower-end price plans.

As the 5G market continues to mature, it is very natural that there are more diverse price plans and options available in the market. With our top priority on enhancing customer convenience and satisfaction, we will make necessary preparations by a comprehensively considering market competition situations and our capacity and our capabilities. And we will also aim to produce positive results, such as improved customer perception and product competitiveness. Thank you.

Hee Jun Chung: This concludes the earnings conference call for the third quarter of 2023 of SK Telecom. If you need further explanations or additional questions, please contact the IR team at any time. Thank you.