SK Telecom acquires a stake in hanarotelecom

South Korean mobile operator SK Telecom has announced that they are now investing in the broadband service provider hanarotelecom.

This deal is worth around $1.18 billion. It is incidentally a 50 percent premium on pre-acquisition talks.

SK Telecom has now become the largest shareholder in this company with a 43.6 percent stake.

Market analysts have said that this is a good investment considering hanarotelecom has a sizeable market share in South Korea.

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