SKT eyes China Unicom stake
韩国最大的移动电话运营商SK Telecom（SKT）计划出资约11亿美元，购买中国第二大移动电话集团中国联通（China Unicom） 10%的股份，此举将使SKT在利润丰厚的中国市场立足。
South Korea‘s biggest mobile phone operator SK Telecom is planning to buy a 10 per cent stake in China‘s second-largest mobile group China Unicom for about $1.1bn in a move that would give it a foothold in the lucrative Chinese market.
SKT is now in the process of hiring advisers to make the investment and the mandate is likely to be awarded “imminently，” according to bankers who have been approached.
“SK Telecom is looking to make a deal this year – they have 50 people looking at a very large investment into China，” said one banker in Seoul. Others confirmed the target was China Unicom.
South Korean mobile operators have been struggling to develop new revenue sources in their saturated $17bn home market.
They have been investing heavily in third generation networks in the hope that wireless data services – which now contribute about a quarter of SKT‘s total revenue – will create a new market.
However， analysts were sceptical about the investment， saying that China Unicom had an unclear future and it was unlikely the Korean company would have much say in any restructuring.
China Unicom‘s revenues and profits are dwarfed by those of its larger rival China Mobile， and its shares have fallen by more than half since listing in Hong Kong in 1999.
Based on its current market capitalisation of about $11bn， the deal would be worth about $1.1bn.
Analysts said Chinese telecom companies had large capital expenditure demands and still had to account for 3G， raising the prospect that investors such as SKT would be tapped for further funds.
Cindy Kang， an SKT spokeswoman， yesterday said the company was “continually looking for possibilities to enter the Chinese market” but declined to comment on any investment in China Unicom.如果觉得《阅读指导：韩国SKT拟11亿美元入股中国联通》专四阅读指导,yyzszb不错，可以推荐给好友哦。