SKM - Korea Telecom/Media: IPTV-Led Consolidations In The Pay TV Market
Major issues and conclusions
Following the acquisition of CJ Hellovision by LG Uplus, SK Telecom (SKM) also announced that it had signed a memorandum of understanding for a merger between subsidiary SK Broadband and a cable TV SO T-broad, accelerating IPTV-led consolidations in the pay TV industry. KT (NYSE:KT) is also believed to be in talks with D’LIVE over a potential merger but it will depend on the law regulating the market share of TV operators. The consolidations in Korea's pay TV space should help cool down competition and establish economies