kt seeking to buy 20stake in telecom firm
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

KT seeking to buy 20 % stake in telecom firm

Egypt Today, egypt today

Egypt Today, egypt today KT seeking to buy 20 % stake in telecom firm

Seoul - Yonhap
South Korea's telecom titan KT Corp. said Friday that it has signed a preliminary agreement to acquire a 20-percent stake in Telkom SA Ltd., a South African telecom company. If finalized, Telkom will issue new common shares and KT will pay 36.06 South African rand per common share, it said in a release. The deal will be worth US$600 million and is part of a broader strategic partnership between the two telecom companies, KT said. KT is South Korea's dominant fixed-line operator and the second-biggest mobile carrier.
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kt seeking to buy 20stake in telecom firm kt seeking to buy 20stake in telecom firm



 
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