In a regulatory filing on Thursday, LG Uplus said it raised Revenue came at 3. LG Uplus shares closed 3.
The company attributed stellar performance to strong mobile and smart home businesses. Wireless service revenue surged 5.
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The number of mobile net subscribers, in particular, reached a quarterly all-time high ofin the third quarter, leading cumulative mobile subscribers to surge 8. IPTV revenue, in particular, rose The company is projected to raise over 1 trillion won in revenue from its smart home business for the full year, given that its cumulative revenue in the January-September period reached Revenue from its high-speed internet business also jumped LG Uplus, meanwhile, carried out In the fourth quarter, the company will seek further growth in its consumer and corporate businesses and focus on improving profitability to improve market and shareholder value.
During an earnings conference call on Thursday, LG Uplus said it will end 2G service next year, following suit of SK Telecom that in July got the nod from the government to stop 2G service. It will seek new growth in enterprise and B2B communication businesses such as smart city, smart SOC, smart factory and smart mobility. By Lee Eun-joo.