SK Telecom eyes unnamed Pakistani telco

12 Oct 2007

According to Dow Jones, SK Telecom has bid for a stake in an unidentified Pakistani telco. According to the report SK Telecom is now waiting for a reply from the company. Vice Chairman Jung Nam Cho was further quoted as saying: ‘We’re actively seeking business partnerships or to buy a stake in telecom companies in Asia, including India and Indonesia.’

In August this year SK Telecom acquired a 6.61% stake in China Unicom by converting almost USD1 billion worth of bonds in the Chinese company into an equity stake. The company also has a stake in a wireless operator in Vietnam, while in the US, it operates Helio, a financially redoubled MVNO, in partnership with EarthLink.

Pakistan, SK Telecom (SKT)