Last $28.86 USD
Change Today -0.41 / -1.40%
Volume 2.3M
SKM On Other Exchanges
Korea SE
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As of 8:04 PM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

sk telecom co ltd-spon adr (SKM) Key Developments

SK Telecom Signs Memorandum of Understanding with Nokia to Jointly Develop 5G Mobile Network Technologies

SK Telecom has signed a memorandum of understanding with Nokia to jointly develop and verify 5G mobile network technologies. Under the terms of the agreement, SK and Nokia will conduct joint researches to develop core 5G network technologies such as the gigabit-level data communications technology and cloud-based virtualized base station technology. SK Telecom and Nokia plan to demonstrate 5G in 2018 and commercialize 5G service in 2020. To this end, they plan to establish a test bed at SK Telecom's Corporate R&D Center located in Bundang, Seoul, to verify and demonstrate 5G technologies.

Court Bans SK Telecom ad over LTE Service

A Seoul court has banned an SK Telecom advertisement, it falsely claimed SKT was the first to commercialize triband Long Term Evolution services. The Seoul Central District Court said in its ruling that 'SK Telecom's ad includes false and exaggerated information since it did not commercialize the triband LTE services'. The court also said this sort of deceptive ad could be used to secure the top position of the mobile carrier in the domestic market and could damage the market order. The decision came after SKT's local rivals KT and LG Uplus filed complaints with courts earlier this month to ban the use of the phrase "world's first" in SKT's promotions for the triband LTE services. KT and LG Uplus claimed that SKT misled consumers with false information as the large telecom firm was merely conducting beta testing of the new Galaxy Note 4 compatible with the triband LTE.

Samsung Electronics, SK Telecom, LG Electronics, Micromax Informatics, Huawei Technology And Xiaomi Inc. In Talks To Acquire Pantech

Samsung Electronics Co. Ltd. (KOSE:A005930), SK Telecom Co. Ltd. (KOSE:A017670), LG Electronics Inc. (KOSE:A066570), Micromax Informatics Limited, Huawei Technology Co., Ltd. (SZSE:002502) and Xiaomi Inc. are reportedly in talks to acquire Pantech Co., Ltd. After the first auction ended in November without attracting any bidder, sources said, three new bidders submitted their letters of intent to the Seoul Central District Court on December 30, 2014 and December 31, 2014.

SK Telecom Commercially Launches Tri-Band LTE-A Ca Service

SK Telecom has commercially launched tri-band LTE-Advanced (LTE-A) Carrier Aggregation (CA) service. Starting December 29, 2014, the company's tri-band LTE-A service will offer data speeds of up to 300 Mbps by aggregating three component carriers in three different frequency bands: 20MHz bandwidth in 1.8GHz band, 10MHz bandwidth in 800MHz band, and 10MHz bandwidth in 2.1GHz band.

Samsung Launches Festive Red Color Version of its Galaxy Note 4 available exclusively for SK Telecom

Samsung has launched a festive red color version of its Galaxy Note 4. The Velvet Red Galaxy Note 4 is available exclusively for SK Telecom. The current color pallet for the phablet includes Frosted white, Charcoal black, Bronze Gold and Blossom Pink. The Velvet Red Galaxy Note 4 features a 5.7-inch quad HD (2560 x 1440) super AMOLED display, a 16-megapixel rear-facing camera with Optical Image Stabiliser, a 3.7-megapixel front-facing camera and a removable back cover. Also available in Red are Samsung's Galaxy S5 and the Galaxy W tablet.


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