China Unicom to acquire back stake from SK Telecom
September 28th, 2009 Leave a comment Visited 98 times, 2 so far today
China Unicom to acquire back stake from SK Telecom
China Unicom has announced that they are going to buy back stake now owned by SK Telecom.
This deal would be worth around US$1.29 billion.
China Unicom Chairman Chang Xiaobing spoke about this deal: “After the share repurchase, China Unicom will be pleased to maintain the sound cooperation partnership with SKT.”
China Unicom is one of the major telecom players in the Chinese market while SK Telecom is the largest mobile service provider in South Korea.
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