SK Telecom profit better than forecast


  • Business
  • Wednesday, 07 May 2003

SEOUL: SK Telecom Co, South Korea’s biggest mobile carrier, unveiled better-than-expected first-quarter earnings yesterday as an increase in subscribers offset a cut in mobile charges. 

The company, which controls more than half of Asia’s third largest mobile market, said its subscribers rose 2.5% in number during the first three months of 2003 to 17.6 million, thanks to aggressive marketing. 

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