M&A Deal Summary

SK Telecom and Taihan Acquire SkyTel

On January 1, 1999, SK Telecom and Taihan acquired communications company SkyTel

Acquisition Highlights
  • This is SK Telecom’s 1st and Taihan’s 1st transaction in the Communications sector.
  • This is SK Telecom’s 1st and Taihan’s 1st transaction in the United States.
  • This is SK Telecom’s 1st and Taihan’s 1st transaction in Mississippi.

M&A Deal Summary
Date 1999-01-01
Target SkyTel
Sector Communications
Buyer(s) SK Telecom
Taihan
Deal Type Joint Venture

Target

SkyTel

Clinton, Mississippi, United States
website
SkyTel Corp. provides pager messaging services to customers in the United States. It offers a personal messaging solution that enables users to create their own personal messaging area, set up and maintain their own personal address book for individuals and groups, send messages to various addresses, add a custom ‘signature’ to messages, and direct replies back to their email address.

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Buyer(S) 2

Buyer

SK Telecom

Seoul, South Korea

website

Category Company
Founded 1984
Sector Communications
Revenue 16,748.6B KRW (2021)
DESCRIPTION

SK Telecom is a provider of wireless telecommunications services in Korea. SK Telecom was founded in 1984 and is based in Seoul, South Korea.

DEAL STATS #
Overall 1 of 11
Sector (Communications) 1 of 4
Type (Joint Venture) 1 of 2
State (Mississippi) 1 of 1
Country (United States) 1 of 6
Year (1999) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-04 Virgin Mobile USA

Warren, New Jersey, United States

Virgin Mobile USA is a US prepaid wireless voice, messaging, and mobile broadband service provider.

Buy -
Buyer

Taihan

Anyang, South Korea

website

Category Company
Founded 1955
Sector Electrical Equipment
Employees871
Revenue 1,596.8B KRW (2020)
DESCRIPTION

Taihan is a manufacturer of electric wires and cables.The Company operates optical fiber business, optical cable business and new medicine business. Taihan Electric Wire was founded in 1955 and is based in Anyang, South Korea.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Joint Venture) 1 of 1
State (Mississippi) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1
Mergr

Product

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