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Telecommunications & Media

MNO subsidiaries take nearly half of budget carrier users; experts say fair competition rules must be redrawn

South Korea needs to curb subscriber concentration at MVNO subsidiaries of mobile network operators while strengthening the self-sufficiency of independent MVNOs for the government’s “MVNO 2.0” policy to succeed, participants at a policy seminar said. They cited data showing five MNO subsidiaries account for 47.5 percent of subscribers among 59 MVNO operators. Speakers called for legal and institutional measures, greater transparency and wholesale reforms, and urged a policy shift toward sustainable competition and qualitative growth.

Telecommunications & Media

LG Uplus AI data centre growth and cost efficiency lift operating profit to record quarterly high

LG Uplus said it posted its highest-ever quarterly operating profit, driven by growth in its AI data centre business and cost efficiency. Second-quarter revenue fell 3.9 percent from a year earlier, while service revenue rose 2 percent and operating profit climbed 13.1 percent. The company said it is building a 200-megawatt Paju AI data centre and plans to expand AI solutions. Mobile and smart home revenue also increased.

Telecommunications & Media

LG Uplus posts record Q2 operating profit, says enterprise infrastructure drove gains

LG Uplus said it posted a record quarterly operating profit in the second quarter, helped by growth in its AI data centre business and cost efficiency. Revenue fell 3.9 percent from a year earlier, but service revenue rose 2 percent and operating profit climbed 13.1 percent. The company said enterprise infrastructure revenue increased, including AI data centre sales. Mobile and smart home revenue also rose, and it announced additional share buybacks and a higher interim dividend.