SK Telecom still interested in scooping up Sprint?

Published: July 15, 2008, 5:20 pm

Tags: rumor, sk telecom, sktelecom, sprint, sprint nextel, sprintnextel

Filed under: Cellphones Some particularly juicy rumors die hard, and this one certainly qualifies: CNBC is reporting that SK Telecom is looking to hook up with some private equity firms to buy out Sprint Nextel, though a deal is "not imminent." This one's been making the rounds since last year, though it's possible that SKT sees some new impetus for making a break into the US market now that it's sold off its share in Helio -- and buying the third largest carrier in the country would certainly qualify as "making a break." It's claimed that SKT's only interested in completing a friendly deal -- no crazy hostile takeovers here -- and some of Sprint's board members aren't keen on the idea at this point, so it's definitely a hit-or-miss proposition. If this all means we can get even half of Korea's domestic hardware on US airwaves, then hey, no complaints on this end.Update: The Wall Street Journal is now suggesting that Sprint and SKT are investigating some sort of joint venture -- not

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