Wednesday, March 19, 2008

KT and KTF to Merge? | Korean Insight

KT and KTF to Merge? Korean Insight:

"The Korean telecommunications market has been shaken up of late given the news that the Korean Free Trade Commission (KFTC) accepted the acquisition of Hanaro Telecom by SK Telecom which has been protested by some of the other players.

This acquisition by SK Telecom who is already the dominant player in mobiles in Korea, has caused the other incumbents to rethink their strategy and plan responses to the situation. KT and KTF have renewed their habitual talks about a merger, given that KTF is SK Telecoms main competition. KT already owns a major stake in KTF, yet a wide scale integration effort would seriously affect the telecom landscape in Korea."

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