Aurion
16.07.08, 18:19
South Korea's largest wireless provider is said to be in discussions with Sprint about a potential acquisition, according to a report on CNBC's Web site.
Citing "people familiar with the situation," CNBC says that SK Telecom is interested in acquiring the much larger Sprint Nextel, but that any deal is still "weeks away," and that Sprint's own board of directors is "divided" about whether to sell the company at all.
The report says that SK Telecom will not pursue Sprint if it is not open to acquisition, and that no specific negotiation price has been discussed.
SK Telecom is significantly smaller than Sprint Nextel--with 22 million subscribers, compared to 54 million--and would likely need to partner with private equity firms to get any potential deal done. But it's also unclear whether U.S. regulators would go for selling the company to a foreign operator.
Source :
Report: SK Telecom in talks to acquire Sprint | News - Wireless - CNET News.com (http://news.cnet.com/8301-1035_3-9991928-94.html?tag=nefd.top)
Citing "people familiar with the situation," CNBC says that SK Telecom is interested in acquiring the much larger Sprint Nextel, but that any deal is still "weeks away," and that Sprint's own board of directors is "divided" about whether to sell the company at all.
The report says that SK Telecom will not pursue Sprint if it is not open to acquisition, and that no specific negotiation price has been discussed.
SK Telecom is significantly smaller than Sprint Nextel--with 22 million subscribers, compared to 54 million--and would likely need to partner with private equity firms to get any potential deal done. But it's also unclear whether U.S. regulators would go for selling the company to a foreign operator.
Source :
Report: SK Telecom in talks to acquire Sprint | News - Wireless - CNET News.com (http://news.cnet.com/8301-1035_3-9991928-94.html?tag=nefd.top)