Business news for Thu, 29 Nov 2007 & with words korea+telecom. 2 news.

SK Telecom of South Korea teamed up with Providence Equity Partners, the US private equity group, this month, to propose a $5bn investment in Sprint Nextel, the wireless carrier, and the return of former chairman Tim Donahue, it emerged

The Wall Street Journal reported Thursday that Sprint received a $5 billion investment proposal from South Korea's SK Telecom and Providence Equity Partners, but turned it down.