SK Telecom in Talks to get a Slice of Sprint
Sprint-Nextel may have caught the eye of SK Telecom, who has begun preliminary talks to form a partnership with them to develop new phones and services.
The Wall Street Journal reported the possible partnership as being more likely a minority investment rather than a complete merger.
However this is not the first time the two companies have talked; last fall Sprint rejected an offer by SK Telecom. These current talks are at an early stage, which means there’s really no way of telling what will happen at this point.
So hang on tight everyone; we may soon know more about this deal, and we will let you know as soon as we do.
Update: SK Telecom has addressed this bit of news, saying that it’s not interested in acquisitions and will not buy majority stake in any US companies; rather, it is simply exploring possible business and technology partnerships with Sprint.