[Concall] LGU+ "Will Maintain Soundness of Budget Phone Business Division"

by Ku Chaeeun

Published 05 Nov.2020 15:45(KST)

[Asia Economy Reporter Koo Chae-eun] LG Uplus stated during the conference call following the Q3 earnings announcement on the 5th, "In the MVNO (Mobile Virtual Network Operator) business, the subscriber share slightly exceeds 20% within the market. Considering the network usage fees, the share exceeds 30%, and we believe the soundness of the MVNO business division is being maintained."

They added, "Subscriber churn between the MNO (Mobile Network Operator) business and the MVNO business is a concerning issue, but we will work to coordinate it."