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Korea M&A Corporation
Dec. 3 (Bloomberg) -- SK Telecom Co., South Korea's biggest mobile-phone operator, agreed to buy control of broadband-access provider Hanarotelecom Inc. for 1.09 trillion won ($1.18 billion) to expand its Internet business and challenge KT Corp. SK Telecom will acquire 91.4 million shares for 11,900 won each, increasing its stake in Hanaro to 44 percent, the Seoul- based company said in a filing..
Recentlry Hanaro Telecom (below 'Hanaro') decided Goldman Sach as strategy advisor. The main shareholder AIG-New bridge capital consortium are preparing for selling share to others. SK group, LG group and KT have interested in acquistion of the that share of Hanaro. After providing IPTV service in Korea, Hanaro's revenues are growing faster than before. Share holder AIG-New bridge capital consor..