Wednesday, December 12, 2007

[The Chosun Ilbo, December 3 2007] SKT Buys Hanaro Telocom for W1 Trillion

SK Telecom, the nation's largest mobile phone service provider, announced it will buy Hanaro Telecom for more than W1 trillion (US$1=W925).

If and when the deal is finalized, the telecommunication giant will have acquired over 40 percent of Hanaro's shares, making SK Telecom the biggest stakeholder.

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