South Korean Carrier SK Telecom Surpasses 1 Million 5G Subscribers

Author: Maciej Biegajewski
South Korean Carrier SK Telecom Surpasses 1 Million 5G Subscribers

Last week, South Korean wireless telecommunications operator SK Telecom announced that it has crossed the one million 5G subscriber mark only 140 days after launching its networks. Back in 2011, it took twice as long for its LTE service.

Where does the difference lie? 5G data consumption is 65% bigger than LTE.

On average, monthly LTE data consumption of SK Telecom’s subscribers is 20.4 GB. For 5G subscribers, that number goes up to 33.7 GB.

As stated by a top high tech advisory firm, Moor Insights, SK Telecom is a worldwide leader in the area of 5G. The company signed up its first 5G subscribers, including K-pop artists and sportsmen, this April. It currently has more than 30,000 5G base stations, an impressive number considering the country’s size.

SK Telecom claims it has 28 million subscribers altogether, with 3.5% of them having upgraded to 5G.

In the words of Patrick Moorhead, the founder and president of Moor Insights and Strategy, while many operators discuss the idea of 5G, it is evident who the worldwide leader in terms of 5G subscribers is- SK Telecom.

The South Korean giant expects its rate of adoption to increase with the addition of a brand new Samsung Galaxy Note 10 5G to its product offer, currently consisting of three 5G smartphones — Galaxy S10 5G, V50 ThinQ 5G and Galaxy Note 10 5G.

The most noteworthy part, however, is the 65% increase in data consumption upon switching to 5G, which has important ramifications for networks, operators and content providers alike.

While 5G is unlikely to transform the world of technology from the get-go, it will most certainly have a profound impact on media consumption, entertainment, and remote working patterns.

Ryu Young-sang, Vice President and Head of MNO Business of SK Telecom, assures that the company will continue to introduce innovative ideas and services to enhance and differentiate the 5G experience for its subscribers.

source: Forbes