Wednesday, July 25, 2007

SK Telecom Says It Rejected Offer to Participate in Bid for Sprint Nextel

(Bloomberg) -- SK Telecom Co., South Korea's largest
mobile phone operator, said it rejected a proposal for the
company to participate in a bid to acquire Sprint Nextel Corp.

SK Telecom isn't currently in talks and doesn't plan to
review the proposal, said Kim Hye Jin, a spokeswoman at Seoul-
based SK Telecom, denying an earlier Edaily report. Kim said the
Korean carrier was approached by overseas investors and declined
to name them or specify the timing of the proposal.


Read more at Bloomberg Emerging Markets News

No comments: