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Broadband

SK Broadband seeks approval for merger with t-broad

Thursday 9 May 2019 | 11:40 CET | News
SK Broadband, a subsidiary of South Korean mobile operator SK Telecom, is seeking approval for its planned merger with domestic cable TV operator t-broad, Yonhap news agency reports, citing a statement from the Ministry of Science and ICT. Via its planned merge with t-broad, SK Broadband wants to expand on the local media market. The deal is estimated to be worth KRW 4.7 trillion (approximately USD 4 billion). SK Broadband and t-broad will be merged at a ratio of 3 to 1. Following the completion of the merger, SK Telecom would hold a 74.4 percent stake in the merged entity, while t-broad

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Categories: Fixed
Companies: SK Broadband / SK Telecom
Countries: Korea, Republic of
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