(Bloomberg) -- SK Telecom Co., South Korea's largest
mobile carrier, denied a Korea Economic Daily report that it may
acquire Sprint Nextel Corp., a U.S. wireless company valued at
$63 billion. The Korean company's stock rose 4.2 percent.
``It is totally groundless,'' SK Telecom spokesman Song
Gwang Hyun said from Seoul today. ``We've never considered the
plan.'' Sprint spokesman James Fisher said the Reston, Virginia-
based company never comments on ``rumor or speculation.''
Read more at Bloomberg Emerging Markets News
mobile carrier, denied a Korea Economic Daily report that it may
acquire Sprint Nextel Corp., a U.S. wireless company valued at
$63 billion. The Korean company's stock rose 4.2 percent.
``It is totally groundless,'' SK Telecom spokesman Song
Gwang Hyun said from Seoul today. ``We've never considered the
plan.'' Sprint spokesman James Fisher said the Reston, Virginia-
based company never comments on ``rumor or speculation.''
Read more at Bloomberg Emerging Markets News
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