SEOUL, Dec. 15 (Korea Bizwire) – The merger between South Korean mobile carrier LG Uplus Corp. and cable and budget phone operator CJ Hello Co. received final approval from the government Sunday in a development that could lead to more investment and growth in the local telecom and broadcasting sector. The conditional permission follows a [...]
SEOUL, Mar. 15 (Korea Bizwire) — LG Uplus Corp. on Friday sought approval from the government to purchase a majority stake in leading cable TV operator CJ Hello, officials said. The Ministry of Science and ICT will review whether South Korea’s No. 3 mobile carrier’s move to become the largest shareholder of CJ Hello is [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s No. 3 mobile carrier LG Uplus Corp. said Thursday that it has struck a deal to buy a majority stake in leading cable TV operator CJ Hello to bolster its presence in the media and content market. The board of directors of LG Uplus approved the purchase [...]
SEOUL, Feb. 11 (Korea Bizwire) — LG Uplus Corp., currently the fourth-largest pay TV provider in South Korea, has decided to take over CJ Hello, the country’s No. 3 player in the pay TV market. The merger with CJ Hello, which is owned by CJ E&M, a unit of food and entertainment conglomerate CJ Group, [...]