SK Telecom raises investment in Malaysia firm
Tuesday, 17 May 2011
SEOUL, May 16 (AFP): South Korea's SK Telecom said Monday it has invested another 50 million ringgit ($16.5 million) in a Malaysian broadband operator to expand its presence in the Southeast Asian market.
SK Telecom, South Korea's largest mobile operator, last July bought a 25.6 per cent stake in Packet One Networks (P1) for $100 million, becoming the second-largest shareholder of the Malaysian firm.