SK Telecom to Invest KRW655 Billion in 1st Half 2008 to Upgrade Network

SEOUL -(Dow Jones)- South Korea's SK Telecom Co. Tuesday said it will invest KRW655 billion ($700 million) to upgrade and expand its mobile phone network.

SK Telecom, the country's largest wireless carrier by revenue, will complete the investment in the first half of this year, the company said in a regulatory filing.

-By Kyong-Ae Choi, Dow Jones Newswires; 822-732-2165; kyong-ae.choi@dowjones.com

(END) Dow Jones Newswires

Posted to the site on 15th January 2008