DEEP RESEARCH · TELECOM SECTOR

Telecom Sector: SK Telecom 2026 Back-Half Recovery, Meritz Video Note

The source is a short link note preserving a Meritz Securities YouTube video on SK Telecom's 2026 outlook.

Published: 2025-12-06 · Telecom link note · Naver Blog source

Investment decisions are your responsibility. This material is research and is not a recommendation to buy or sell.

0. Bottom line first

The substantive content is one YouTube link about Meritz Securities' view that SK Telecom's 2026 could be weaker in the first half and stronger in the second half. The right treatment is to preserve the link and organize the follow-up questions.

Official fact: The only body link in the source is https://youtube.com/watch?v=auvzSWHtRjw&si=YBH3PaI3bcDkBhz4.

Reading flowHow to use this short link note

VideoMeritz Securities

ThemeSKT 2026 H2 recovery

CheckEarnings, dividend, AI/DC

UpdateQuarterly results

Because the source is a link hub, the video assumptions should be checked against later results.

1. Source content

The original provides only the YouTube link without additional body commentary. The link is preserved here: https://youtube.com/watch?v=auvzSWHtRjw&si=YBH3PaI3bcDkBhz4.

2. Questions I would carry forward

Earnings

Reason for the H2 recovery

Check the cost, ARPU, marketing expense, and depreciation assumptions behind the first-half/second-half split.

Shareholder

Dividend and returns

For telecom stocks, cash flow and shareholder returns often matter more than growth. The video's dividend-sustainability view should be checked.

New Growth

AI and data centers

The key question is how much SK Telecom's AI and data-center strategy can offset low growth in the core telecom business.

Sources

Naver Blog source: https://m.blog.naver.com/PostView.naver?blogId=star_of_self&logNo=224100046560
Source YouTube video: https://youtube.com/watch?v=auvzSWHtRjw&si=YBH3PaI3bcDkBhz4

Naver original