0
Broadband

KT, SK Telecom, LG Uplus mull acquisition of cable TV operator Hyundai HCN - report

Thursday 28 May 2020 | 09:22 CET | News
South Korea's three major operators KT, SK Telecom and LG Uplus have submitted non-binding indicative offers to acquire Hyundai HCN, the country's fifth-largest cable TV operator owned by Hyundai Department Store Group, The Investor reports, citing unnamed industry sources. Hyundai HCN currently has a 4 percent market share with 1.3 million subscribers. The cable TV unit posted revenues of KRW 292 billion (approximately USD 237 million), and operating profit of KRW 41 billion.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Hyundai / KT / LG / LG Uplus / SK Telecom
Countries: Korea, Republic of
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

KT acquires 10% stake in Hyundai Robotics for KRW 50 billion

Published 18 Jun 2020 12:18 CET | Korea, Republic of
South Korean operator KT has signed a cooperation agreement and investment contracts with Hyundai Robotics. The two partners plan ...

LG Uplus to supply 5G VR content to Chunghwa Telecom

Published 11 Jun 2020 13:27 CET | Taiwan
South Korea's LG Uplus said it will supply 5G virtual reality content to Taiwan's largest telecommunication firm, writes The ...

SK Telecom generates KRW 1.871 trillion worth of social value in 2019

Published 01 Jun 2020 08:14 CET | Korea, Republic of
SK Telecom reports it has generated a total of KRW 1.871 trillion worth of social value in 2019, which represents an increase of ...

SK Telecom to buy cable TV operator Hyundai HCN - report

Published 01 Apr 2020 09:55 CET | Korea, Republic of
South Korean operator SK Telecom may acquire cable TV operator Hyundai HCN, The Korea Times reports, citing unnamed industry ...

SK Telecom to acquire majority stake in TV operator Hyundai HCN - report

Published 04 Feb 2020 14:02 CET | Korea, Republic of
South Korean operator SK Telecom is in talks with Hyundai Department Store Group to acquire a 66.2 percent stake in its ...