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 [...]
Sprint Nextel acquiring Virgin Mobile USA
US based telecom giant Sprint Nextel has announced that they are acquiring Virgin Mobile USA.
The deal is worth around $483 million.
With this, Sprint would expand their presence in the prepaid mobile services segment in the US market.
The company added that they would retain the Virgin Mobile for the time [...]
SK Telecom not aiming to acquire Sprint
SK Telecom has clarified that they have no plans to acquire any US based mobile service provider.
The company is instead interested in discussing a strategic partnership to develop new handsets and services.
Market sources had claimed that SK Telecom was in talks to acquire Sprint.
SK Telecom said in a [...]
SK Telecom interested in acquiring Sprint Nextel
Market sources claim that South Korea’s SK Telecom in interested in acquiring US based mobile service provider Sprint Nextel.
The rumors led to an increase in the price of Sprint’s share at the stock market.
Sprint Nextel is the third largest mobile service provider in the US market.
If the deal takes [...]
Virgin Mobile to acquire Helio for USD 39 million
Virgin Mobile has announced that they are going to acquire rival telecom company Helio for $39 million.
They would gain around 170,000 customers through this deal.
Incidentally, both of these companies function as mobile virtual network operators in the US market.
Virgin further said that they are getting an investment [...]
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 [...]
EarthLink stops investing in Helio
EarthLink is struggling in their core businesses and the company has now revealed that they are stepping back in funding their mobile joint venture with SK Telecom Co. named Helio.
This could potentially mean that SK Telecom could now become the major stakeholder in Helio.
This project was launched last year and has [...]
