I thought the information concerning Korea in this release might be of interest. I
found numbers on subscribers to be of interest. It helps me put into prespective
what a 30000 per month cancelation means. Not very much if these numbers
are correct and US and rest of world are growing as fast as other information
indicates.
TABLE - SK Telecom Co Ltd 97 year net falls
NEW YORK, Feb 24 (Reuters) -
Selected Financial Data
(KR Won in Billion)
Income Statement Data
For the year December 31
1997 1996
Total Sales 3,512.0 2,676.0
Cellular 2,083.8 1,566.7
Paging 731.0 587.3
Handset -- 179.9
Netsgo 0.3 --
L to M Revenue 696.8 342.1
Operating Expense 2,927.8 2,213.9
Operating Income 584.2 462.1
Non operating Income 195.7 119.9
Non operating Expenses 611.4 214.0
Income before Income Taxes 168.6 351.2
Income Taxes 55.0 155.7
Net Income 113.6 195.5
Earnings per Share (Won) 18,870 33,504
EBITDA 1,047.0 1,130.5
if adding net fx trans loss, 1,380.0 1,149.8
Balance Sheet Data
Cash & Marketable securities 476.5 732.4
Tangible Fixed Assets-Net 2,259.6 1,648.5
Total Assets 4,103.3 3,258.6
Long-term Liabilities 1,634.9 1,403.9
Facility Deposits 417.3 706.9
Total Liability 2,787.8 2,201.2
Total Shareholders' Equity 1,315.6 1,057.4
Other Financial Data
R & D Expenditures 131.8 118.7
Depreciation & Amortization 877.5 803.3
Note 1: 1) As of December 31, 1997, the conversion rate
used for the Won is 1600.00 to US$1.
SK TELECOM
Selected Operating Data
For the year ended
December 31
1997 1996
Population of Korea(millions) 46.0 45.5
Number of employees 6,313 5,457
Total Sales (KRW billions) 3,512.0 2,676.0
Sales per Employee (KRW millions) 556.3 490.4
Cellular:
SK Telecom Subscribers ('000) 4,571 2,891
Seoul Metropolitan Area 2,328 1,426
Rest of Country 2,243 1,465
CDMA Subscriber 3,009 592
SK Telecom Penetration 9.94% 6.35%
Seoul Metropolitan Area 11.03% 6.82%
Rest of Country 9.02% 5.89%
Average Monthly outgoing minutes per Sub 151 162
Average Monthly Revenue per Subscriber(Won) 47,301 56,775
Average Monthly Churn Rate 1.61% 1.49%
Analog Subscriber Capacity ('000) 2,905 2,905
CDMA Subscriber Capacity ('000) 3,450 1,100
Analog Cell Sites 1,341 1,304
CDMA Cell Site 2,041 698
Analog Radio Channels in Service 67,648 67,071
CDMA Radio Channels in Service 145,487 55,920
PAGING:
SK Telecom Subscribers ('000) 7,504 6,569
Seoul Metropolitan Area 3,069 2,966
Rest of Country 4,435 3,603
SK Telecom M/S 49% 52%
SK Telecom Penetration 16.32% 14.42%
Seoul Metropolitan Area 14.54% 6.51%
Rest of Country 17.83% 7.91%
Average Monthly Churn Rate 3.14% 2.33%
Switch Capacity ('000) 10,600 12,000
Base Stations 529 502
NOTES:
1) 1996 -- Regular employees 3,670/ Temporary employees
1,786 (5,456) 1997 -- Regular employees 4,069/ Temporary
employees 2,244 (6,313).
2) As of December 31,1997, the conversion rate used for the
Won is 1600.00 to US$1.
12:48 02-24-98
Copyright 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similiar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL. |
