Sk Telecom (SKM) has released an update.
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SK Telecom is set to strengthen its control over its subsidiary, SK Broadband, by acquiring additional shares valued at approximately 1.15 trillion won. This strategic move will enhance management efficiency and significantly increase SK Telecom’s stake in SK Broadband to 99.14%, highlighting the company’s commitment to expanding its foothold in the media and telecommunications sector.
For further insights into SKM stock, check out TipRanks’ Stock Analysis page.
