Why Korea's SK Telecom Wants Sprint

With its home market nearly saturated, Korea's No. 1 mobile-phone operator seeks an acquisition to become a big player in the lucrative U.S.

With Sprint Nextel (S) sorely in need of a capital injection, one company to watch is South Korean wireless operator SK Telecom (SKM). Fund managers and others who follow the telecom industry say the Korean company, the biggest mobile carrier in the country, is determined to establish itself as a major player in the world's most influential consumer market. Moreover, a technological fit between the two makes Sprint a most coveted takeover target.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.