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KT, LG to fight SK's acquisition of CJ HelloVision - report

Sunday 22 November 2015 | 11:23 CET | News
South Korean mobile operators KT and LG Uplus plans to oppose SK Telecom's planned acquisition of CJ HelloVision, The Korea Times reports, citing unnamed KT representatives. "Sometimes, an enemy becomes a friend. The term frenemies will be used to describe the relationship between KT and LG Uplus to take on the SK-CJ issue. KT is fighting LG Uplus in the local telecom market; however, the SK-CJ deal may hurt common interests", a KT official at KT said.

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Categories: Broadcast & Satellite
Companies: KT / SK Telecom
Countries: Korea, Republic of
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