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Telecommunications & Media

LG Uplus to open Jecheon International Music & Film Festival special section on U+tv

LG Uplus said on Wednesday it will participate as a media partner of the 22nd Jecheon International Music & Film Festival, running through Sept. 8 in Jecheon, South Korea, and operate a special section on U+tv. The festival features 189 films from 51 countries and performances by 37 teams. U+tv will curate music films and performing arts works and air a festival special episode of its programme, Uplus TV Magazine.

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.