LG Uplus Has Solid Mobile Business With Growth From AI Data Centers and Solutions

We expect LG Uplus to continue to grow its core business through the expansion of its wireless/wireline network, specifically its 5G broadband network, and expansion into targeted noncore businesses such as its smart home and enterprise infrastructure business segments. As LG Uplus expands its wireless network, it attracts premium 5G subscribers directly, but also mobile virtual network operator subscribers. LG Uplus seemed to have benefited from cyberattacks that affected SK Telecom and, to a lesser extent, KT in 2025, helping its mobile business gain subscriber and revenue market share. LG Uplus' 5.6% growth in fourth-quarter 2025 wireless services revenue (including interconnection) compared favorably with SKT's 4.6% decline over the same period. LG Uplus also added 452,000 mobile customers for the quarter, compared with SKT's 174,000 decline.