South Korea’s smallest mobile network operator by subscribers, LG Uplus, has revealed a net loss in the three months ended 30 September 2012, as marketing expenses surged as a result of increases in the number of Long Term Evolution (LTE) subscribers on its network and related commissions. In the three month period under review, LG Uplus posted a net loss of KRW38.4 billion (USD34.6 million) compared to a net profit of KRW56.6 billion in the corresponding quarter of 2011. Marketing expenses by comparison rose to KRW499.7 billion in 2Q 2012, representing a 41.1% increase against the year-ago period
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OVETEL LTE marketing expenses push LG Uplus to net loss in 2Q12
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