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LG Uplus Eyes Growth Momentum in 5G: Report

LG Uplus earlier said it aims to complete building its 5G infrastructure in major cities by the end of 2019

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LG logo. Wikimedia Commons

LG Uplus Corp would expedite deployment of the 5G network and develop various services to create new business opportunities, CEO Ha Hyun-hoi said on Friday.

South Korea’s No. 3 mobile carrier will offer a wide range of media services to gain a competitive edge in its 5G business, based on a wider customer base following its acquisition of the nation’s No. 1 cable operator, CJ Hello, in February, he said.

“5G 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, Yonhap news agency reported.

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

Latest technology of 5G
5G Technology.

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.

LG Uplus has been teaming up with Chinese network manufacturer Huaweito deploy the next-generation cellular technology in the nation.

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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.

LG Uplus earlier said it aims to complete building its 5G infrastructure in major cities by the end of 2019. (IANS)

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5G Carries Potential to Contribute to India’s GDP Growth by the Year 2025

AR, VR and AI will all come together to form ‘extended reality', it added

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"5G is the promise of a better quality of life for all and exceptional opportunities. It will allow to adapt life to our needs," he said. VOA

A KPMG report on Monday said that 5G technology has the potential to add 0.35-0.5 per cent to India’s gross domestic product (GDP) by 2025.

The report further said that India Inc has the potential to unlock $48.69 billion (Rs 3,408 billion) in four years through the deployment of 5G.

The government has set a target of becoming a $5 trillion economy by 2024-25. In 2018-19, the Indian economy stood at $2.72 trillion.

“We estimate that the 5G contribution to annual GDP will likely be in the range of 0.35-0.5 per cent by 2025. The absolute value unlocked is expected to be highest in the retail sector, followed by finance and then the technology sector,” said the report released at the India Mobile Congress 2019.

It further said that IT will be the “most immersive, intelligent and inventive of all technologies”.

Intel
Top Intel Executive said that India needs to roll out 5G faster in order to take advantage of the economic benefits it can bring to the nation. Pixabay

“Blockchain is a technology trend that has seen wide implementation during 2019 and its applications will continue to expand beyond cryptocurrency, it said.

The survey ranked artificial intelligence (AI), augmented reality (AR)/virtual reality (VR), cognitive computing and machine learning as the top technologies that will have the highest potential to generate immersive experiences, but noted that they are nascent in terms of their evolution and adoption.

AR, VR and AI will all come together to form ‘extended reality’, it added.

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Commenting on the report, Purushothaman K.G., Partner and Sector Lead for telecom at KPMG in India, said: “The future value that will be delivered through telecom operators is not by being the provider of ‘connectivity’ but as being a trusted partner and platform provider offering value and services and experiences to customers.

“We are living in exciting times where new technologies like 5G, IoT, AI and AR/VR promise to revolutionise connectivity and unlock value by creating better, more secure and personalised experiences for everyone.” (IANS)