Saturday, November 24, 2007

[The Chosun Ilbo, November 15 2007] SK Telecom Inches Closer to Hanaro Telecom Takeover

SK Telecom has been chosen as a preferred bidder to take over Hanaro Telecom, the nation's second-largest Internet service provider, Goldman Sachs, the sale's lead manager, said Wednesday. If SK is successful in its takeover bid it would mean the country's telecommunications market would be dominated by just three giants -- SK Telecom, KT and LG Telecom.

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