(Bloomberg) -- Shares of SK Telecom Co., South
Korea's largest mobile-phone carrier, had their biggest gain this
year on a report, denied by the company, that it may buy Sprint
Nextel Corp., a U.S. wireless operator valued at $63 billion.
SK Telecom's stock rose as much as 4.5 percent. The Seoul-
based company, with one-third the value of Sprint's, has
contacted private equity funds to help acquire the third-biggest
U.S. carrier, the Korea Economic Daily reported today, citing an
unidentified industry source.
Read more at Bloomberg Emerging Markets News
Korea's largest mobile-phone carrier, had their biggest gain this
year on a report, denied by the company, that it may buy Sprint
Nextel Corp., a U.S. wireless operator valued at $63 billion.
SK Telecom's stock rose as much as 4.5 percent. The Seoul-
based company, with one-third the value of Sprint's, has
contacted private equity funds to help acquire the third-biggest
U.S. carrier, the Korea Economic Daily reported today, citing an
unidentified industry source.
Read more at Bloomberg Emerging Markets News
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