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LG Uplus eyes growth momentum in 5G

IANS  |  Seoul 

Corp would expedite deployment of the network and develop various services to create new business opportunities, said on Friday.

South Korea's No. 3 will offer a wide range of to gain a competitive edge in its business, based on a wider customer base following its acquisition of the nation's No. 1 cable operator, CJ Hello, in February, he said.

"service will change the everyday lives of our customers, creating new business opportunities not only in the (business to customer) business but also in the (business to business) areas, including autonomous vehicles, smart factories and smart cities," Ha said in a shareholder meeting at the company's headquarters here, reported.

"We will pro-actively respond to the fast-changing business environment and concentrate on key services for sustainable growth."

The telecom company logged sales of 12.1 trillion Won ($10.6 billion) in 2018. It offered 400 Won in dividends for per share, the same as 2018.

has been teaming up with Chinese to deploy the next-generation in the nation.

Huawei's gear is used in about 95 per cent of 15,000 5G base stations established in the nation so far, according to the firm.

earlier said it aims to complete building its in major cities by the end of 2019.

--IANS

ksc/mag/vd

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 15 2019. 18:28 IST
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