LG HelloVision Struggles To Revive MVNO Business

LG HelloVision reported marginal budget mobile revenue growth of 0.4%, rising to 156.7 billion won last year, and said its budget mobile subscriber base reached about 770,000 in the first half of last year, up roughly 20,000 year-on-year. The MVNO unit, about 10% of group sales, remains flat amid aggressive marketing from South Korea's three major carriers; the firm plans Galaxy S26 promotions and AI sign-up features to spur growth.
Key Points
- 1Reports budget mobile revenue rises marginally to 156.7 billion won, adding about 20,000 subscribers
- 2Faces competitive pressure as three major carriers' aggressive marketing reduced spillover to smaller operators
- 3Needs low-cost promotions and targeted offers; launching Galaxy S26 incentives and AI sign-up features
Scoring Rationale
Moderate commercial relevance with usable promotional tactics, limited by modest novelty, shallow coverage, and single-source reporting.
Sources
Public references used for this report.
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