Home SK Telecom bids for remaining 49.4% stake in SK Broadband
 

Keywords :   


SK Telecom bids for remaining 49.4% stake in SK Broadband

2015-03-20 11:11:00| Telecompaper Headlines

(Telecompaper) South Korean operator SK Telecom plans to acquire the remaining 49.4 percent stake in internet services provider SK Broadband. SK Telecom launched a share swap offer valued at KRW 706 billion (approximately USD 627.17 million). SK Telecom plans to offer 2.47 million treasury shares in exchange for SK Broadband shares it does not currently own, Reuters reports, citing an SK Telecom regulatory filing. SK Telecom currently holds a 50.6 percent stake in SK Broadband. According to SK Telecom, SK Broadband investors can also sell their shares to SK Telecom for KRW 4,645 per share.

Tags: sk remaining telecom bids

Category:Telecommunications

Latest from this category

All news

»
05.11Registration Now Open for RadTech 2025
05.11Atlantic Tropical Weather Outlook
05.11Eastern North Pacific Tropical Weather Outlook
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Public Advisory Number 7A
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Vodafone-Three merger could get green light, watchdog says
05.11Altice USA residential video RGUs down 77,000 in 3Q 2024
More »