KT Skylife wins conditional approval to acquire Hyundai HCN in South Korea
By Wooyoung Lee ( August 24, 2021, 08:07 GMT | Insight) -- The tie-up between KT Skylife, a digital satellite-broadcasting service provider of South Korea’s largest telco KT, and cable-TV operator Hyundai HCN has been approved with conditions by the South Korean competition regulator. The deal comes as mergers and acquisitions between telecom and cable-TV operators have continued to pick up steam after the regulator approved two previous deals by two major telecom operators LG Uplus and SK Broadband of SK Telecom in 2019.The tie-up between KT Skylife, a digital satellite-broadcasting service provider of South Korea’s largest telco KT, and cable-TV operator Hyundai HCN has been approved with conditions by the South Korean competition regulator....
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