SK Telecom (photo = provided by SK Telecom)

 

[Alpha Biz= Reporter Kim Jisun] SK Telecom (SKT) announced on the 13th that it has signed a stock transfer agreement to acquire the entire 24.8% stake in SK Broadband (SKB) held by Taekwang Group and Mirae Asset Group.

Currently, Taekwang Group and Mirae Asset Group hold 16.75% and 8.01% of SKB’s shares, respectively. SKT will purchase these shares at 11,511 won per share, totaling 1.15 trillion won, with the acquisition to be completed by May of next year.

This acquisition will enable SKT to secure a 99.1% stake in SKB, effectively establishing it as a wholly-owned subsidiary and laying the foundation for further synergies between the two companies. SKT expects to strengthen the collaboration between its wireless and broadband services, as well as expand investments in its growing data center and submarine cable businesses, ultimately boosting both companies' corporate value.

Taekwang Group and Mirae Asset Group became major shareholders of SKB in 2020, when SKB acquired cable TV operator TBroad.

 

 

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