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SK TELECOM SIGNS DEAL TO PURCHASE HANAROTELECOM FOR US$1.1 BLN.
SEOUL, Dec 3 Asia Pulse - SK Telecom Co. (KSE:017670), South Korea's top mobile carrier, said today it has signed an official deal to take over a controlling stake in Internet service operator Hanarotelecom Inc. (KSE:033630) to provide diverse communications to its customers and cope with fast-changing market conditions.
The deal calls for SK Telecom to purchase a 38.89 per cent stake in Hanarotelecom for 1.08 trillion won (US$1.17 billion). A total of 91.4 million shares will be bought for 11,900 won apiece, the company said in a statement.
The takeover deal will bring SK Telecom's holdings in Hanarotelecom to 43.59 per cent, making it the largest shareholder in the nation's second-largest Internet service operator, the company added.
Shares of SK Telecom opened 1.41 per cent higher, trading at 251,000 won on the Seoul bourse.
"The tie-up with Hanarotelecom will help us provide more customer benefits while at the same ...
- SK Telecom signs deal to purchase Hanarotelecom for 1.08 tln won.
- News wire article from: YON - Yonhap News Agency of Korea December 4, 2007 700+ words
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- SK TELECOM SIGNS DEAL TO PURCHASE HANAROTELECOM.
- News wire article from: AsiaPulse News December 3, 2007 700+ words
...deal calls for SK Telecom to purchase a...cent stake in Hanarotelecom for 1.08 trillion...deal will bring SK Telecom's holdings in Hanarotelecom to 43.59 per...the stake in Hanarotelecom. SK Telecom had conducted...
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- News wire article from: YON - Yonhap News Agency of Korea November 15, 2007 700+ words
...proposed bid to take over Hanarotelecom to strengthen the...Earlier in the day, SK Telecom confirmed that it...bidding company for Hanarotelecom as Australian investment...dropped its bid. "SK Telecom has been pushing for the acquisition of Hanarotelecom as part of its ...
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...proposed bid to take over Hanarotelecom to strengthen the...Earlier in the day, SK Telecom confirmed that it...bidding company for Hanarotelecom as Australian investment...dropped its bid. "SK Telecom has been pushing for the acquisition of Hanarotelecom as part of its ...
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...of a plan by SK Telecom Co. (KSE...to purchase Hanarotelecom Inc. (KSE...said Tuesday. SK Telecom, which holds...shareholder in Hanarotelecom, having invested...pave the way for SK Telecom to expand its...
Source: HighBeam Research, SK TELECOM SIGNS DEAL TO PURCHASE HANAROTELECOM FOR US$1.1 BLN.