SK Telecom Recorded a 50% Increase in its CDMA Customer Base in the Last
Four Months of 1997
SEOUL, South Korea, Jan. 14 /PRNewswire/ -- SK Telecom (NYSE: SKM)
announced today that it reached the three million mark in its CDMA (code
division multiple access) subscriber base at the end of December, 1997. After
only four months from its two million subscriber base recorded in August 1997,
SK Telecom quickly added another one million subscribers.
From the time the company introduced its commercial CDMA cellular service
in January 1996, SK Telecom gained one million subscribers by March 1997 and
reached two million subscribers in August 1997. As of December 31, 1997, the
company recorded 4.57 million subscribers on its digital and analogue cellular
networks and more than 7.5 million customers on its paging network.
"As a pioneer of CDMA technology commercialization, we are proud to have
shown the world that CDMA is the technology of choice," stated Dr. Jung Uck
Seo, president of SK Telecom. "Furthermore, we will devote ourselves even
more to bring the technology of the next generation, IMT 2000, to the market
early in the new millennium."
SK Telecom was the first company in the world to offer commercial CDMA
cellular service and is the third largest paging service provider in the
world. SK Telecom was the first Korean company to be listed on the London
Stock Exchange (LSE: SKMD). SK Telecom also trades on the New York Stock
Exchange (NYSE: SKM) and the Korea Stock Exchange (KSE: SKT). |
