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Broadband

LG Uplus, SK Broadband receive watchdog's approval to acquire CJ Hello, t-broad

Monday 11 November 2019 | 08:22 CET | News
South Korea's antitrust watchdog has given conditional approvals for LG Uplus and SK Broadband to acquire cable TV operators CJ Hello and t-broad, respectively, The Korea Times reports, citing a Fair Trade Commission (FTC) statement. The Commission has approved SK Broadband's planned merger with t-broad, while LG Uplus can now acquire a 50 percent stake and an additional one share of CJ Hello for KRW 800 billion (approximately USD 690 million).

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Categories: Fixed
Companies: Korea Communications Commission / KT / SK Broadband
Countries: Korea, Republic of
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