SK Telecom Co.,Ltd (KOSE:A017670) may acquire cable TV operator Hyundai HCN Co.,Ltd. (KOSE:A126560), industry sources said. Hyundai HCN is now up for sale after its mother company decided to unload it. All three of the country's mobile carriers KT Corporation (KOSE:A030200), LG Uplus Corp.

(KOSE:A032640) and SK Telecom are tapped as "potential buyers" of the pay-per-view TV operator but SK Telecom is the strongest candidate, they said. Regarding a potential merger of Hyundai HCN, SK Telecom said it is not considering a takeover of the Hyundai HCN. "There has been investment reports from analysts that SK Telecom would acquire Hyundai HCN, but we don't have any plan to do so," an SK Telecom official said.

"Currently we are concentrating on finalizing an acquisition deal of t-broad and are not considering an additional merger and acquisition deal," the official added.