SK Telecom eyes acquisition of Tbroad | Cable | News | Rapid TV News
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South Korean telco SK Telecom reportedly plans to acquire the cable TV operator Tbroad, as the latest consolidation in the country’s pay-TV market.
SKTelecom 5G 2Jan2019
The news follows last week’s decision by Korean teleco LG U+ to acquire South Korea’s largest cable TV operator CJ Hellovision.

Now, SK Telecom’s internet service subsidiary SK Broadband is eyeing a merger with Taekwang Group-owned Tbroad, according to the Korea Herald. If the deal goes ahead, it will see SK Telecom acquire around 7.6 million pay-TV subscribers, closing the gap on competitors KT and LG U+.

KT has about 9.8 million subscribers, according to 2018 data from the Ministry of Science and ICT. Local rumours are considering KT’s acquisition of local cable TV operator D’Live.

The government has relaxed its previous tough stance against the country’s cable TV providers entering partnerships with telecos to compete against global streaming service giants such as Netflix.

n 2016 the government had rejected a merger between SK Telecom and CJ Hellovision.

Acquisitions of major cable TV operators are expected to help augment South Korea's 5G services. These are currently being prepared for nationwide roll-out, once 5G smartphones are launched in March.