SKT Surpasses 3 Million Subscribers Just Over One Year After 5G Commercialization
[Asia Economy Reporter Kim Heung-soon] SK Telecom surpassed 3 million 5G subscribers just over a year after the commercialization of 5G mobile communication in April last year. It is also expected that the proportion of 5G subscribers among all mobile communications will enter the 10% range for the first time.
According to the Ministry of Science and ICT on the 9th, as of the end of April, SK Telecom's 5G subscribers recorded 2,850,923, an increase of 203,381 (7.7%) from the previous month. Although the data for the end of May has not yet been compiled, applying the same growth rate, the number of subscribers is estimated to approach about 3.1 million.
Adding the average monthly subscriber increase of 211,800 this year results in about 3.06 million, and considering that telecommunications companies collectively expanded marketing support for Samsung Electronics' Galaxy S20 in early May, it is expected that the subscriber increase last month will be larger than before.
KT's 5G subscribers are also expected to exceed 2 million for the first time. As of the end of April, KT's 5G subscribers were 1,922,701, an increase of 144,264 (8.1%) from the previous month. Applying the same growth rate, the number of subscribers as of the end of May is expected to reach 2.08 million. LG Uplus is also estimated to exceed 1.7 million 5G subscribers by the end of May when calculated in the same way.
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Combining the 5G subscriber forecasts of the three companies, the total number of subscribers as of the end of May is expected to reach 6.9 to 7 million. In this case, the proportion of 5G subscribers among all mobile phone subscribers can enter the 10% range for the first time. As of the end of April, the total number of mobile phone subscribers in South Korea was 69,348,210, and the number of 5G subscribers was 6,339,917, accounting for 9.1% of the total.
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