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LG Uplus sets out financial, operational aims

2 Jul 2010

South Korea’s LG Uplus (LGU), formerly known as LG Telecom (LGT), has said that it expects annual turnover to reach KRW10 trillion (USD8.2 billion) by 2014, the Korea Times reports. The telco, which was officially renamed at the start of the month, has also revealed that it is aiming to boost annual operating profit to KRW1 trillion. The company rebranded in the wake of absorbing the fixed line sister companies of cellco LGT earlier this year.

In addition to unveiling its financial targets, LGU also announced that it was aiming to begin offering Long Term Evolution (LTE) services from 2012, initially in metropolitan areas. Further, Lee Sang-chul, LGU CEO, noted of the company’s future plans: ‘As part of the consistent corporate move to bring more wireless-related revenue, LG Uplus plans to open our Wi-Fi networks to customers who are using other telecom services. But we need to narrow the differences before an actual implementation.’

South Korea, LG Dacom (formerly DACOM), LG Powercom, LG Uplus

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