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LG’s Telecom Unit Said to Seek to Borrow About $200 Million

Tuesday, November 1st, 2011

LG’s Telecom Unit Said to Seek to Borrow About $ 200 Million
News from Bloomberg:

LG Uplus Corp. (032640), formerly known as LG Telecom, may seek a loan for about $ 200 million, according to four people familiar with the matter.

The South Korean telecommunications and mobile phone operator, controlled by LG Group, has held discussions with banks for a two to three-year facility, said three of the people, who asked not to be identified because the details are private. The facility may be a loan-style floating rate note, a type of offshore loan typically arranged for Korean borrowers, they said.

Kim Sung Hyun, vice president and head of financing, didn’t deny discussions with banks had taken place when contacted by mobile phone at his office in Seoul. However he said the company had no need for U.S…………… continues on Bloomberg
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LG Posts Wider-Than-Estimated Loss on Phones, Flat-Panel Unit

Wednesday, October 26th, 2011

LG Posts Wider-Than-Estimated Loss on Phones, Flat-Panel Unit
News from BusinessWeek:
October 26, 2011, 4:01 AM EDT

By Jun Yang

Oct. 26 (Bloomberg) — LG Electronics Inc., the world’s third-largest maker of mobile phones, reported a wider-than- estimated quarterly loss as mobile-phone sales missed forecasts and earnings dropped at its flat-panel unit.

LG had a net loss of 414 billion won ($ 367 million) in the three months ended September, it said in a statement today, wider than the 56.1 billion won loss average of eight analysts’ estimates compiled by Bloomberg in the past four weeks. The Seoul-based phone maker had a profit of 7.6 billion won in the third quarter last year.

A record loss at LG Display Co. added to lower sales at the mobile-phone business, which has lost more than 700 billion won in the past year. Chief Executive Officer Koo Bon Joon is introducing 3-D televisions and new models of Optimus smartphones powered by Google Inc.’s Andr…………… continues on BusinessWeek
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Stereo Handsfree For LG GU295


This handsfree is compatible with the following LG model(s) : LG GU295 Features : Excellent stereo sound for both voice and music. High-quality ear buds, which are comfortable to wear. Send / End button for easy and convenient use. Connects directly to the phone for handsfree operation.
List Price:
Price: 19.99