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LG Uplus ends 2021 with 4.62 million 5G subscribers

January 31, 2022

Korean operator LG Uplus ended the fourth quarter of 2021 with 4.62 million 5G subscribers, up 67.9% year-on-year, according to the company’s latest earnings statement.

The telco added a total of 1.87 million 5G subscribers during last year, while total net additions in the fourth quarter reached nearly 520.000.

The Korean company also noted that 5G subscribers accounted for 25.7% of the telco’s overall mobile base, up from 16.5% at the end of 2020.

Net profit in the fourth quarter of the year totaled 66.6 billion won, compared with a net loss of 229.5 billion won in Q4 2020. For full 2021, the company’s net profits amounted to 679.1 billion won, up 50.1% year-on-year.

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