Thrunet preferred bidder for Hanaro


The Korea Times: Hanaro Telecom has become the preferred bidder for troubled Thrunet but Korea’s second-biggest broadband operator faces adversities in the process. However, analysts warn against early celebration because Hanaro might bet too much money on Thrunet, which has been under court receivership since March 2003. Hanaro Telecom and Dacom refuse to give details of their offers but sources say the former had presented 480 billion won against the 430 billion won put up by the Dacom-Merrill Lynch consortium. The South Korean broadband market is going through a shakeout as growth slows.

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