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MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  SK Telecom Co Ltd    A017670   KR7017670001

SK TELECOM CO LTD

(A017670)
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SK Telecom : Joins Forces with Bridge Alliance Members for Cooperation in 5G MEC

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01/13/2020 | 04:28am EST

SK Telecom (NYSE:SKM) today announced the launch of the 'Global MEC Task Force' with Bridge Alliance member operators, including Singtel, Globe, Taiwan Mobile and PCCW Global, for cooperation in 5G mobile edge computing (MEC).

SK Telecom will share its lessons-learned in 5G and MEC areas with other members that are preparing to launch 5G, while making joint efforts for the development of MEC technologies and services. The company will also play a leading role in setting international MEC standards to build an interoperable MEC platform.

MEC is being highlighted as a key technology that can improve the performance of ultra-low latency services such as cloud gaming, smart factory and autonomous driving by creating a shortcut for mobile data communications.

Through the task force, SK Telecom expects to lead the expansion of the 5G MEC ecosystem to the Asian countries, and develop valuable overseas market opportunities for its 5G technologies/services including MEC.

As the first chair of the task force, SK Telecom will be hosting the first MEC workshop with Bridge Alliance from January 13 to 15 at its headquarters located in Seoul, Korea. The workshop will identify potential regional MEC-based use cases, and discuss business models and commercialization plans.

The company will introduce its 5G strategies, 5G MEC-based use cases including smart factory, and 5G clusters including 'LoL Park.'

'As the global 5G pioneer, SK Telecom is committed to contribute to the expansion of the global 5G ecosystem,' said Lee Kang-won, Vice President and Head of Cloud Labs of SK Telecom. 'SK Telecom will work closely with Bridge Alliance Member Operators to help accelerate their progress in 5G and MEC, and create a pan-Asian 5G MEC ecosystem.'

'As the role of telecommunications companies is expanding beyond simply providing mobile connectivity to offering new values based on infrastructure, Bridge Alliance believes that this cooperation will serve as a key driver for realizing win-win business opportunities to all members,' said Ong Geok Chwee, CEO of Bridge Alliance.

Disclaimer

SK Telecom Co. Ltd. published this content on 13 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2020 09:27:08 UTC

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Financials (KRW)
Sales 2020 18 703 B
EBIT 2020 1 285 B
Net income 2020 1 441 B
Debt 2020 8 102 B
Yield 2020 4,58%
P/E ratio 2020 12,5x
P/E ratio 2021 8,22x
EV / Sales2020 859x
EV / Sales2021 825x
Capitalization 16 053 B
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Mean consensus BUY
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Average target price 313 518,52  KRW
Last Close Price 219 500,00  KRW
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Jung-Ho Park President, Chief Executive Officer & Director
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Dae-Sik Cho Non-Executive Director
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