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Hanaro Telecom

13 August 2008
Hanaro Telecom was formed in September 1997, as the second largest operator in the South Korean local telephone market. It is also now a high-speed Internet provider in South Korea. Hanaro Telecom launched its Internet access services in Seoul, Busan, Incheon and Ulsan in April 1999. By the end of December 2002, the company had deployed fiber optic networks covering 100 cities.

On 2 December 2007, SK Telecom placed USD 1.18 billion bid for the acquisition of a stake in Hanaro Telecom. According to the terms of the deal, existing shareholders AIG and Newbridge Capital plan to sell their stakes to SK Telecom. This will make SK Telecom the largest single shareholder.

Hanaro Telecom offers broadband content on its multimedia portal called HanaFOS.com, which has been integrated with HANANET and DreamX.net. The company plans to explore wireless LAN, BWLL and 2.3G frequency wireless local loop services.

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Taken from: Operator Profiles: South Korea




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