SK Telecom Signs MOUs with Taiwan Mobile, Skytel and Nokia Networks at MWC 2015

BARCELONA, Spain, March 5, 2015 /PRNewswire/ --SK Telecom (NYSE: SKM) announced today that it signed MOUs with a number of overseas companies while participating in the 2015 GSMA Mobile World Congress being held in Barcelona, Spain.

Aimed at expanding its presence in the global markets with extensive knowhow and experience in industry-leading mobile network technologies, SK Telecom has entered into MOUs with three different companies namely Taiwan Mobile, Skytel and Nokia Networks.

Under the MOU with Taiwan Mobile, a leading telecommunications company in Taiwan with about 28 percent of market share, SK Telecom will share its know-how on better LTE network performance and customer experience management (CEM) aimed at enhancing Taiwan Mobile's network efficiency and competitiveness in mobile broadband service. The two companies will also work together to develop next-generation mobile network technologies and mobile solution business.

SK Telecom and Taiwan Mobile have cooperated since 2013 in 3G and LTE network planning and performance optimization. Taiwan Mobile has successfully commercialized LTE in June 2014 and has attracted more than 1 million LTE subscribers, which accounts for over 30 percent of the LTE market, within only six months of the service launch.

SK Telecom has also entered into an MOU with Mongolia's Skytel. Through the MOU, SK Telecom will provide Skytel with consulting service in LTE network technologies and network-based solutions developed by SK Telecom to enable real-time management of customer experience. The MOU is expected to serve as a chance for Skytel to become a leading LTE service provider in Mongolia, where spectrum allocations for LTE will likely take place within this year.

Moreover, SK Telecom and Nokia Networks have signed an MOU in Barcelona to further expand their collaboration in exporting diverse network operational solutions. By joining hands with Nokia, SK Telecom aims to create new opportunities in the overseas markets by providing its network operational knowhow to Nokia's 600 plus customers spread across 150 nations.

"Since launching Korea's first LTE service in 2011, SK Telecom has led the industry by introducing advanced mobile network technologies including Multi-Carrier, LTE-Advanced and tri-band LTE-Advanced Carrier Aggregation," said Lee Jong-bong, Executive Vice President and Head of Network Division at SK Telecom. "We will make ceaseless efforts to keep enhancing the quality and stability of our mobile networks to provide the highest level of customer experience, and share it with mobile operators around the world."

About SK Telecom

SK Telecom (NYSE: SKM, KSE: 017670), established in 1984, is Korea's largest telecommunications company with more than 28 million mobile subscribers, accounting for over 50% of the market. The company reached KRW 17.164 trillion in revenue in 2014. As the world's first company to commercialize CDMA, CDMA 2000 1x, CDMA EV-DO and HSDPA networks, SK Telecom launched the nation's first LTE service in July 2011. SK Telecom also became the world's first mobile carrier to commercialize 150Mbps LTE-Advanced in June 2013 and 225Mbps LTE-Advanced in June 2014 through Carrier Aggregation (CA). In line with its efforts to swiftly move towards the next-generation mobile network system, or 5G, it successfully commercialized 300Mbps tri-band LTE-A CA. As of December 2014, the company has over 16.7 million LTE and LTE-Advanced subscribers. Based on its strength in network operations business, SK Telecom is seeking new growth engines in areas of platform, Big Data and convergence business. For more information, please visit www.sktelecom.comor email to [e-mail].

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