Seoul – LG Telecom Ltd., South Korea’s smallest mobile-phone operator, reported its second straight quarterly profit decline after the company boosted marketing spending to win customers from SK Telecom Co. and KT Corp. Third-quarter net income fell 6.8 percent to 92.7 billion won ($79 million) from 99.4 billion won a year earlier. Sales rose 5.6 percent to 1.27 trillion won. LG Telecom had recently announced that it plans to merge with affiliates LG Dacom Corp. and LG Powercom Corp. to compete against KT and SK Telecom in luring customers by bundling high-speed internet with wireless and fixed-line phone services. KT, South Korea’s largest phone and internet company, bought out its wireless unit earlier this year. LG Telecom accounted for 18 percent of the Korean mobile- phone market at the end of August, compared with SK Telecom’s 51 percent and KT’s 31 percent, according to the latest government data.
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