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Competition regulator blocks SK Telecom’s bid to buy CJ Hellovision

Connectivity BusinessbyConnectivity Business
July 5, 2016
in Investments, Space Services
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South Korea’s Fair Trade Commission has rejected a bid from incumbent SK Telecom to buy a majority stake in the country’s largest cable TV and second largest pay-TV operator CJ Hellovision. SK Telecom agreed to pay an initial W500bn (US$431.6m) for a 30% stake in CJ Hellovision from CJ O Shopping. The telco has the option to acquire the […]

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Tags: Asia PacificCJ CorporationCJ Hello VisionCJ O ShoppingKT CorpLG UPlusPremiumSK BroadbandTF247
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