Friday, 2 October 2009

KT interested in BC Card – South Korea

Following reports in September that BC Card had shown interest in becoming an MVNO, iStockAnalyst have now reported that KT is looking to acquire BC Card in a deal with Hana Financial Group.

KT is one of the 3 MNOs operating in South Korea. This latest development would signal the end of credit card companies becoming MVNOs in the country. Once owned by KT the service would simply be a subsidiary offering by KT and not an MVNO. BC Cards are a South Korean credit card company.