SK Telecom Co., Ltd. (KOSE:A017670) is reportedly on track with its planed acquisition of Toptec Co., Ltd. (KOSDAQ:A108230). Via the Toptec purchase, SK reportedly seeks synergy with its telecom and semiconductor businesses. In a regulatory filing, Toptec declined it is being acquired by SK Telecom.

However, an official at SK Holdings, parent company of SK Telecom, said the Korean operator is close to making a final decision on the acquisition. “The deal is in the last stage of decision making with an internal deadline by today”, a person familiar with the development said.