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SK Telecom takes over affiliate SK Broadband

( March 23, 2015, 06:34 GMT | Insight) -- South Korean mobile carrier SK Telecom announced that it has decided to purchase all shares in SK Broadband, an affiliate that provides high-speed Internet service, Yonhap News Agency reported. The deal will be completed through a stock swap at a ratio of ...South Korean mobile carrier SK Telecom announced that it has decided to purchase all shares in SK Broadband, an affiliate that provides high-speed Internet service, Yonhap News Agency reported. The deal will be completed through a stock swap at a ratio of 1 to 0.0168936. SK Telecom will use 2.47 million of its shares, valued at 705.6 billion won ($667 million), for the takeover. The stock swap is expected to be completed by June 9, the report added....

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