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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..
SK Telecom has signed a strategic partnership agreement with China’s second largest mobile operator China Unicom that will entitle the Korean company to exclusive partnership for 18 months. Korea’s largest mobile operator said Wednesday it signed a contract with CU to purchase convertible bonds worth US$1 billion (W962 billion) to cooperate in the CDMA business and “recognize mutually exclusive ..