SK TELECOM TO INVEST MORE IN CHINESE COMMUNICATIONS
AsiaInfo Services, April, 2008
AsiaInfo Services 04-02-2008 SK Telecom to Invest More in Chinese Communications BEIJING, Apr 02, 2008 (SinoCast via COMTEX) -- South Korean wireless telecom service provider SK Telecom Co., Ltd. said in an announcement not long ago that it would continue its investment in the Chinese third-generation and fourth-generation communications businesses. It believes that the Chinese government's action of far-reaching asset integration in the country's telecom industry will not affect the interest in foreign companies which invest in the local communications companies. There is a widespread estimate about the assets transaction among the local telecom giants.
Part of it is that China Telecom Corporation Limited (HKSE: 0728) will acquire the CDMA unit in China Unicom...
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