The following is a summary of the SK Telecom Co., Ltd. (SKM) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Consolidated revenue for Q3 2024 was KRW 4,532.1 billion, marking a 2.9% year-over-year increase, led by stable growth in roaming and B2B solution businesses.

• Operating income rose to KRW 533.3 billion, up 7.1% year-over-year, with reduced marketing and depreciation costs enhancing business fundamentals.

• Net income stood at KRW 280.2 billion.

Business Progress:

• SK Telecom is focusing on monetizing AI through three main channels: AI data centers, AI B2B, and AI B2C services.

• Notable advancements include the development of AI data centers with emerging cooling technologies, the establishment of the AI infrastructure superhighway,

• Ongoing development of a telco-specific large language model (LLM), and the launch of upgraded AI services such as A. phone and multi-LLM agent for PCs.

Opportunities:

• The rapid expansion of the enterprise AI market presents significant growth opportunities for SK Telecom's AI B2B segment.

• Emerging cooling technologies and the application of energy-efficient solutions in AI data centers are expected to enhance SK Telecom's leadership in the global AI data center market.

Risks:

• AI services growth may be gradual as new technologies and market entries stabilize and gain customer acceptance.

• Increased competition in the telecommunications and AI sectors could pressurize pricing and market share.

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