[LGU+ Conference Call] "5G Subscribers 5 Million, Revenue Must Exceed 2 Trillion for Profit Realization"
[Asia Economy Reporter Han Jinju] Lee Hyuk-joo, Chief Financial Officer of LG Uplus, stated during the LG Uplus 2019 Q4 earnings conference call on the 7th, "We believe that the number of 5G subscribers needs to reach around 4.5 to 5 million to achieve break even. We need to consider the emergence of services that can accelerate 5G adoption, the market penetration of related devices, and various other factors together to determine the timing for (improving the profitability of the wireless business)."
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The CFO added, "We estimate the annual fixed cost for 5G to be about 1 trillion KRW, and 5G-related revenue needs to exceed 2 trillion KRW to absorb common costs and realize profits."
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