Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Despite Aggressive Competition, SK Telecom Has Remained On Top

As I have written recently in reference to companies like America Movil (NYSE:AMX), Orange (NYSE:ORAN), and NTT DoCoMo (NYSE:DCM), navigating competition in the mobile services market has only gotten more challenging in most markets. SK Telecom (NYSE:SKM) has the mixed blessing of operating in one of the most difficult markets of all, with KT Corp. (NYSE:KT) and LG Uplus straddling, if not often crossing, the line between fierce and irrational competition in South Korea.

A recent move from regulators to punish all three carriers for violating rules on subsidies impacted first-quarter results, but there's at least a chance that a new rule will eliminate these moves in the future and...

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