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NTT DoCoMo와 지분매각협상 결렬

On December 19, 2001, SK Corporation and SK Global (SKT’s shareholders which currently hold 26.8% and 7.3%, respectively) announced the termination of discussions with NTT DoCoMo (DoCoMo), the Japanese mobile operator, regarding a possible sale of their SKT Shares. SKT and DoCoMo have a long history of technical cooperation and will continue to work together in a number of areas, including wireless data and WCDMA technology, without a formal strategic alliance.

To facilitate the strategic sale, SK Corp. and SK Global have been holding a 14.5% stake in SKT through an offshore vehicle known as Signum IX. SK Corp. and SK Global have informed SKT that, in light of SKT’s strong financial and operating performance and strength of the capital markets, they intend to explore various ways in the domestic and international markets to monetize the SKT shares held by Signum IX. Details on the methods and timing will be announced by SK Corp. and SK Global after final decisions have been made. In addition, SKT may repurchase some of those shares through a stock buyback program.

SKT will continue to monitor future developments very closely with a view to safeguarding shareholders’ interests.

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