It Ain’t So: SK Telecom Won’t Take Over Sprint

Sprint Nextel Corp. (S) this week was, once again, the target of takeover rumors. This time, the alleged buyer was South Korea’s SK Telecom Co. In May, the industry expected T-Mobile to snap up Sprint. That didn’t happen and it seems an SK deal won't either. The Seoul-based carrier insisted on Thursday it is not buying Sprint, that the two companies merely were talking about collaborating on technology.

Reuters: SK Telecom says no plan to buy Sprint Nextel