[Alpha Biz=(Chicago) Reporter Paul Lee] Stage Five, an MVNO company that led the consortium of the fourth mobile carrier, was officially separated from Kakao.

Stage Five announced on the 28th that the largest shareholder has been changed as Good Plan Pin Direct Union No. 3 bought a 19.2％ stake from Kakao Investment, Kakao's investment company.

The union is joined by Stage Five executives and employees, including CEO Seo Sang-won.

The company has been classified as a Kakao affiliate since 2017, but on December 18 last year, a new investment association announced that it would buy 20.94％ of shares from Kakao Investment.

However, Stage Five said that the remaining 1.74％ will be acquired later according to the terms of the contract.

Separately, CEO Seo owns a 6.34％ stake in Stage Five.

It is heard that Intelligent Technologies, a satellite communication equipment company with SpaceX and Eutelsat OneWeb as its customers, has also completed acquiring a 5.36％ stake in Stage Five.

Intellian Technologies will raise its stake up to 5.52％ by issuing new shares.

Stage Five has selected Shinhan Investment & Securities as its representative organizer and NH Investment & Securities as co-chairmen and is preparing to be listed.

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