[LGU+ Concall] "Annual CAPEX of 2.5 Trillion KRW Executed in 2020"

[Asia Economy Reporter Han Jinju] Lee Hyukju, Chief Financial Officer of LG Uplus, stated during the LG Uplus 2019 Q4 earnings conference call on the 7th, "For 2020, we aim for consolidated service revenue growth of over 17% compared to the previous year on a consolidated basis, and over 5% on an individual basis. We expect wireless service revenue growth to be 5%, double last year's 2%, driven by steady subscriber growth and ARPU recovery. Consumer services will continue to grow by 10%, following last year."

The CFO added, "Annual CAPEX is expected to be around 2.5 trillion KRW, a decrease from the previous year due to advance investments in 85 5G base station areas. As last year's 5G investment depreciation and marketing burdens continue, we aim to maximize revenue through service differentiation and marketing innovation, and improve operating profit through structural innovation in sales methods."

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