Printed from

SK Telecom said in talks to buy Sprint

updated 04:40 pm EDT, Tue July 15, 2008

SK Telecom May Buy Sprint

Korean communications giant SK Telecom is discussing buying out third-largest American cell carrier Sprint, CNBC claims. Although technically smaller than Sprint, sources say SKT hopes to bring a private equity group into the deal that would give it enough financial clout to complete the deal. The Korean company allegedly wants any takeover to occur on friendly terms and is proceeding slowly, with any possible agreement still uncertain and weeks away at the earliest.

SKT's Korean nature also means it must be cautious and comply with US regulations concerning foreign ownership, although such large deals aren't unprecedented and were preceded by Deutsche Telekom's takeover of VoiceStream in 2001, later changing the carrier's name to T-Mobile USA.

The deal would represent a significant return to American involvement for SKT, which gave up direct control of a US carrier when it agreed to Virgin's takeover of Helio last month and gave up most of its stake in the resulting company.

It also potentially upsets the US cellular market. Sprint has continued to lose customers even as it tries to regain favor by simplifying its plans, offering unlimited data services, and introducing more designer phones such as the Samsung Instinct. An improved Sprint would both be shored up against T-Mobile and would be in a better position to compete against AT&T and Verizon, which currently have substantial leads in active subscribers.

By Electronista Staff
Post tools:




  1. Guest

    Fresh-Faced Recruit

    Joined: Nov 1999


    GSM > CDMA

    'nuff said

  1. NPS_CA

    Fresh-Faced Recruit

    Joined: Jul 2008


    SKT is actually UMTS

    SKT and KTF in Korea are being incentivized by the South Korean government to move to UMTS/3G to be in line with other countries and not push a Qualcomm only approach.I was actually in Korea last week and had perfect coverage on both SKT and KTF on my Nokia E61i (GSM/UMTS). There are actually better handset incentives and choices to take a UMTS/3G phone.So you can be sure that SKT doesn't mean Sprint stays on CDMA.

Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines


Most Popular


Recent Reviews

Apple 13-inch MacBook Pro (Early 2015)

Although the new darling of the Apple MacBook line up is the all-new MacBook, Apple has given its popular 13-inch MacBook Pro with Ret ...

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...

Lenovo Yoga Tablet 2 (Android, 10.1-inch)

Lenovo is building a bigger name for itself year after year, including its devices expanding beyond desktop computers. The company's l ...



Most Commented


Popular News