Companies / South Korea
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Could Saturated Market Lead to SKT Regional Strategy?
June 2006 | Market Trend AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Despite strong denials from SK Telecom (SKT), speculation is mounting that South Korea's largest mobile operator is planning to acquire a 10% stake in China's No 2 mobile operator China Unicom, which has in total 132.7mn subscribers, as of April 2006. According to a the UK business paper, Financial Times, SKT is now in the process of hiring advisers for an investment of US$1.1bn, which could even happen this year. This has been strenuously denied by SKT CFO Sung Min Ha, and whilst the operator does admit to looking into entering the Chinese mobile market, it claims that no decision