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Article: LG TELECOM SAYS NO PLAN TO SELL HANARO TELECOM STAKE.
- Article from:
- AsiaPulse News
- Article date:
- July 30, 2004
CopyrightCOPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SEOUL, July 30 Asia Pulse - LG Telecom Ltd. (KOSDAQ:032640), the smallest of South Korea's three mobile phone operators, said on Friday it has no plan to sell its 1.4 per cent stake in local broadband company Hanaro Telecom Inc. (KOSDAQ:033630.)
"We have no intention to sell Hanaro shares," Jung Kyung-rae, chief financial officer at LG Telecom, said in a conference call with analysts and investors.
Jung also said he is confident LG Telecom will achieve its subscriber target of 6 million by the end of this year, given the net increase of about 860,000 users in the first half.
At the end of June, LG Telecom had 5.65 million mobile phones users in ...