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General

Watchdog rejects CJ HelloVision takeover by SK - report

Tuesday 5 July 2016 | 08:57 CET | News
South Korea's antitrust watchdog has rejected SK Telecom's bid to acquire cable TV operator CJ HelloVision, citing concerns about a negative impact on market competition, Yonhap news agency reports, citing unnamed industry and government sources. The Fair Trade Commission (FTC) has notified SK Telecom of its decision on 4 July, after studying the planned merger for more than half a year. According to the same source, SK Telecom officials are challenging the FTC decision. "It's a decision hard to understand, which runs counter to market economy", an official said.

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