KT Corp, SK Telecom looking to enter Polish mobile market

23 Mar 2010

South Korean telcos KT Corp (formerly Korea Telecom) and SK Telecom are interested in entering the Polish mobile market, reports Thenews.pl. The pair are said to be weighing up options including forming a joint venture (JV) with an existing network operator or taking an ownership stake in a local cellco, with possible targets P4 (Play) or Polkomtel (Plus). SK Telecom is reported to be particularly interested in entering the mobile internet market in the eastern European country. The news follows the recent announcement from Play that it was looking for new investors, whilst two of Polkomtel’s shareholders – electricity utility PGE (controlled by the Polish State Treasury) and oil refiner PKN Orlen – confirmed plans to offload their respective 21.85% and 24.39% stakes in September 2009. Mining firm KGHM Polska Miedz previously said it could sell its 24.39% stake in Polkomtel if PGE and PKN sold theirs. Korea Telecom was present in the Polish market in the 1990s, when it owned 30% of shares in the Telepage paging network. The two Korean firms are already reportedly in talks with unnamed parties over buying a stake or setting up a JV in Poland.

Poland, KT Corp, Play (P4), Plus (Polkomtel), SK Telecom (SKT)