[Concall] SKT "SKB-TivBroad Merger Corporation Launching in April Expected to Achieve 4 Trillion KRW in Sales"

[Asia Economy Reporter Seulgina Jo] SK Telecom projected that the revenue scale of the merged entity of its subsidiary SK Broadband and 티브로드, which will be launched at the end of April, will be around 4 trillion KRW.

On the 7th, Ha Hyung-il, head of SK Telecom's corp2 center, stated during a conference call following the earnings announcement, "Government approval was completed last January, and follow-up procedures such as shareholder meetings of both companies are underway to launch the merged entity on April 30." Ha added, "We will complete the post-merger integration (PMI) in the first half of the year to transform SK Broadband into a comprehensive media company," and explained, "The merged entity is expected to have a revenue scale exceeding 4 trillion KRW based on a paid broadcasting subscriber base of over 8 million."

SK Telecom's consolidated revenue for 2019, disclosed that day, was 17.7437 trillion KRW, a 5.2% increase compared to the previous year, while operating profit decreased by 7.6% to 1.11 trillion KRW. Although revenue increased due to the expansion of 5G subscribers and growth in the media business, the large-scale 5G investment burden and marketing costs negatively impacted operating profit. Net profit was limited to 861.9 billion KRW, a 72.5% decrease influenced by equity-method gains from SK Hynix.

This content was produced with the assistance of AI translation services.