CJ HelloVision offering extra discount for budget mobile service

CJ HelloVision CJ HelloVision will offer discounts up to 40 percent on its monthly fee over the next two years for its budget mobile service Hello Mobile, which is double those provided by the nation’s major mobile carriers, the company said Sunday. The discount is available for those who choose it over a handset discount…

Rejection of SKT-CJ Hellovision Merger to Have Adverse Effect Content Investment

SKT-CJ Hellovision As South Korea’s Fair Trade Commission (FTC) made a final decision to block the proposed takeover by SK Telecom of cable TV provider CJ HelloVision, 320 billion won (US$280.21 million) funds, which SK and CJ planned to raise for the content industry within a year after the merger, will be significantly slashed down.…

Antitrust watchdog confirms SK Telecom / CJ Hellovision opposition

Antitrust, SKTelecom, CJ Hellovision Korea’s Fair Trade Commission says concessions would not prevent harm to competition in broadcast, mobile markets. South Korea’s Federal Trade Commission (FTC) on Monday formally confirmed its opposition to SK Telecom’s proposed acquisition of TV provider CJ Hellovision. The antitrust watchdog issued a preliminary decision earlier in July, following a seven-month…

SK will not drop budget mobile business

SK Telecom SK Telecom said that it has no intention of halting operation of its budget mobile business in return for receiving approval from the government for its proposed merger with CJ HelloVision (CJH). “SK Telecom has no plan to drop its budget mobile business even after the government approves the merger with CJH, which…

CJ Hellovision shareholders approve SK Telecom merger

CJ Hellovision Shareholders of South Korean cableco CJ HelloVision have approved the company’s planned merger with SK Broadband, a unit of SK Telecom, the Korea Times reports. According to the newspaper more than 97% of the participating investors voted in favour of the KRW500 billion (USD405 million) deal, despite heightened resistance from minority shareholders, rival…

Dispute intensifies over SK Telecom’s takeover plan

SK Telecom A group of telecom industry officials clashed again over SK Telecom’s proposed takeover of CJ HelloVision (CJH), putting the government in a serious dilemma. This came as the Ministry of Science, ICT and Future Planning (MSIP) held a second round of discussions Wednesday, accepting opinions from experts and interested parties over the takeover…

Korea may delay SKT-CJH approval

SK Telecom CJ HelloVision The government may delay its decision to approve a proposed takeover plan of CJ HelloVision (CJH) by SK Telecom after relevant government agencies reached a consensus to undergo stricter-than-expected screening processes for the mobile carrier’s proposed deal. The Ministry of Science, ICT and Future Planning (MSIP), which will decide on the…

KT steps up attack on SKT over takeover plan

Mobile carrier KT has ratcheted up criticism of its local rival SK Telecom’s plan to acquire CJ Hellovision, a cable TV and mobile virtual network operator. Lim Heon-moon, president of KT’s mass general business division in charge of the business-to-customer segment, said Friday that SKT’s acquisition of CJHV is something that would “wreak havoc to…

Rivals cry foul over SKT’s merger plan

Telecom giant aims to expand dominance across sectors Mobile carrier SK Telecom’s desire to increase its presence beyond the mobile network industry into the media content platform segment has sparked a backlash from its rival network operators KT and LG Uplus. SKT, which has Internet Protocol TV operator SK Broadband under its wing, has been…

SKT And CJHV KT, LGT Opposing SKT’s M&A of CJHV

SK Telecom is planning to invest 5 trillion won (US$4.3 billion) for 5 years after its acquisition of CJ HelloVision, and through this, it expects a return of 7.5 trillion won (US$6.45 billion) in production and the creation of 48,000 new jobs. But KT and LGT object to the merger, saying that will cause a…

(News Focus) SK Telecom sets sights on non-mobile business

South Korean mobile giant SK Telecom Co. is moving to expand its presence into the media business through a merger, industry watchers said Monday, with its mainstay telecom business reaching a point of saturation amid severe competition from smaller rivals. SK Telecom, the country’s No. 1 mobile carrier, said last week it will buy the…

SK Telecom to Acquire CJ Hellovision

New Research Demonstrates Central Role of Wi-Fi, Underscores Need for Fair Sharing in Unlicensed Spectrum In an effort to advance dialogue and understanding about fair spectrum sharing by LTE-U devices, Wi-Fi Alliance® is hosting a Coexistence Test Workshop today aimed at fostering dialogue among Wi-Fi® and LTE industries. Attendees include Amazon, Broadcom, Dell, Ericsson, Gibson…

Fitch: No Immediate Rating Impact on SK Telecom from CJ Hellovision Purchase

Fitch Ratings says SK Telecom Co., Ltd’s (SKT; A-/Stable) proposed acquisition of a stake in CJ HelloVision Co., Ltd (CJH), the largest cable television operator in South Korea, will have no immediate rating effect on SKT or SK Broadband Co., Ltd. (SKB, A-/Stable). The acquisition is likely to boost SKT’s media business by broadening its…

SK Telecom will buy cable firm

SK Telecom is jumping into the broadcast market by acquiring the nation’s largest cable television operator, CJ HelloVision, industry sources said Sunday. It is the first time a Korean telecommunication carrier has acquired a cable TV company. CJ HelloVision is the nation’s largest cable TV company with nearly 4.15 million subscribers and 2.4 million superfast…

Website opens for budget phones

The Korea Mobile Virtual Network Operators Association (KMVNO) said Thursday that it will start a Budget Phone Hub website, an online market for budget smartphones. The KMVNO made that announcement as it held a media day to celebrate reaching 5 million subscribers. “The online market will help cut telecom expenses for consumers, and allow mobile…