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

Tuesday 4 February 2020 | 14:02 CET | News
South Korean operator SK Telecom is in talks with Hyundai Department Store Group to acquire a 66.2 percent stake in its pay-per-view TV operator, Hyundai HCN, The Korea Times reports, citing an unnamed representative of a local consulting firm. "SK Telecom approached local consulting firms and banks for a valuation of the Hyundai group-owned PPV TV operator Hyundai HCN. SK is in talks with the relevant authorities to acquire a majority stake of Hyundai HCN for an expanded presence in the growing local PPV TV market", the source said.

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Categories: Broadcast & Satellite
Companies: Comcast / Hyundai / NBC / SK Broadband / SK Telecom / T-broad
Countries: Korea, Republic of
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