Analysts say Hanaro will win Thrunet bid
Hanaro Telecom Inc., Korea’s second-largest high-speed Internet access provider, may buy rival Korea Thrunet Co. for as much as 500 billion won ($480 million), beating rival bidder Dacom Corp., analysts said. Hanaro, jointly owned by American International Group Inc. and Newbridge Capital Ltd., and LG Group unit Dacom, are poised to offer between 380 billion won and 500 billion won for Thrunet in an auction to be held in Seoul on Monday, according to six analysts surveyed by Bloomberg News. Hanaro will beat Dacom, four of the analysts said, with the remaining two saying that Dacom will probably win.
with the Korea JoongAng Daily
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