Connected Car
LG Uplus booked growth across all business units in Q2, with its mobile business benefitting from a recovery in roaming, an increase in MVNO subscribers and steady 5G adoption. On an earnings call, CFO Yeo Myung-hee attributed a rise in profit to sustained revenue growth in mobile, home, B2B and new businesses, and cost-efficiency gains. Wireless service revenue increased 2.5 per cent year-on-year to KRW1.5 trillion ($1.2 billion). Net profit grew 31.7 per cent to KRW213.3 billion and revenue 1.6 per cent to KRW2.9 trillion. IPTV revenue increased 2.8 per cent to KRW336.9 billion and broadband 5.6 per cent to KRW266.1 billion.