[LGU+ Conference Call] "5G Subscribers Expected to Reach 25% of Total by Year-End... Downgrade"

[Asia Economy Reporter Kim Heung-soon] Lee Hyuk-joo, Chief Financial Officer (CFO) of LG Uplus, said during a conference call held after the announcement of the first quarter 2020 earnings on the 8th, "By the end of this year, Uplus 5G subscribers are expected to account for about 23-25% of total handset subscribers," adding, "As a result, this is a slight downward revision from the 30% share predicted last year."

The CFO added, "Although telecom companies are relatively less affected by the novel coronavirus disease (COVID-19), it is true that there is some impact," and said, "People who use multiple phones will inevitably reduce the number of phones or downgrade their plans."

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