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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: SK telecom to sell stake in US mobile company AFP - Wednesday, July 29 SEOUL (AFP) - - South Korea's top mobile carrier SK Telecom said Wednesday it planned to sell all its 15.3 percent stake in US-based wireless operator Virgin Mobile USA. ADVERTISEMENT Sprint Nextel announced it will buy Virgin Mobile USA for 483 million dollars and absorb it. "As Virgin Mobile is being absorbed by Sprint Nextel, we will be offered a 0.53 percent stake in Sprint Nextel," an SK Telecom spokesman told AFP. "As this 0.53 percent stake will have no strategic significance, we plan to sell this stake," he said. Local newspapers have said SK Telecom scrapped a plan to forge a business tie-up with Sprint due to a worsening business environment. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Business China to cut fuel price by 3%: govtAFP - Wednesday, July 29 Canon's profits plunge in first-halfAFP - Wednesday, July 29 Putnam cuts fund fees, restructures pricingAP - Wednesday, July 29 IBM to acquire SPSS for $1.2BAP - Wednesday, July 29 China to ban violent online gamesAP - Wednesday, July 29 Enlarge Photo SK telecom to sell stake in US mobile company Related Photos Slideshow Full Photo Coverage: Business & Economy Most Popular – Business Viewed Doctor gave Jackson drug that killed him: CNN Ex-boxing champ Forrest shot in back and killed Police raid Vegas home of Jackson doctor Lost love letter reunites couple after 16 years Rare Angolan antelope tracked by research team View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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