Korea: LG Telecom board agrees to Dacom, Powercom merger.Byline: pinto03 South Korea s LG Group will merge its three telecoms units LG Telecom, LG Dacom LG Dacom (formerly, Dacom, KSE: 015940) is a telecommunications carrier in South Korea. See also
Under the proposals it is understood that LG Telecom will exchange one share for 2.15 LG Dacom shares or 0.74 LG Powercom shares, according to a regulatory filing. The revelation comes just a week after LG had announced plans to seek shareholder approval for the merger, which is expected to create a unified company with KRW KRW In currencies, this is the abbreviation for the Korean Won. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 7.2 trillion (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 6.18 billion) in annual revenue and an operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. of around KRW900 billion. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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