[Concall] SK Telecom "SK Broadband IDC Expansion Targeted for Next Year... Expecting Sharp Revenue Increase"

[Asia Economy Reporter Seulgina Jo] Ha Hyung-il, head of SK Telecom corp2 Center, stated during the Q&A session of the conference call held after the Q2 earnings announcement on the 6th, "Subsidiary SK Broadband plans to expand its Internet Data Center (IDC) aiming to launch next year," adding, "We expect IDC revenue to increase significantly thereafter."

Ha said, "With the merger of SK Broadband and T-Broad, sales exceeding 95 billion KRW were reflected in the merged entity's performance," and explained, "Two months of Q2 performance were reflected, and from the second half, full performance will be reflected to create synergy." He added, "It is expected to account for more than 10% of SK Broadband's sales and over 20% of operating profit."

Meanwhile, SK Telecom, the first among the three major domestic telecom companies to announce Q2 earnings, recorded consolidated financial statements showing Q2 sales of 4.6028 trillion KRW and operating profit of 359.5 billion KRW. This represents increases of 3.7% and 11.4% respectively compared to the same period last year, exceeding market expectations.

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