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SK Telecom eyes CDMA JV with 皇冠体育app Telecom

(Agencies)
Updated: 2008-04-23 11:01

South Korea's SK Telecom aims to team up with 皇冠体育app Telecom for a possible joint venture to operate mobile service using code division multiple access (CDMA) technology in 皇冠体育app.

SK Telecom, which owns 6.6 percent of 皇冠体育app Unicom, was approaching fixed line provider 皇冠体育app Telecom as market participants await an official announcement regarding restructuring of the telecom industry.

It was rumoured that 皇冠体育app Telecom would buy 皇冠体育app Unicom's CDMA network under the restructuring to help it defend its shrinking market share as land-line users switch to a mobile platform offered by 皇冠体育app Mobile.

A source as said the South Korean telecom group would prefer a CDMA joint venture with 皇冠体育app Telecom with a near-term focus on building a successful CDMA business in 皇冠体育app.

A 皇冠体育app Telecom spokesman is quoted as saying the company would not enter into talks about a strategic investor before the Chinese government grants it full-service operator status.