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FINANCIAL NEWS
S Korea’s KT interested in a stake in Maroc Telecom
26 Dec 2012
(MENAFN) South Korean telecommunications firm KT Corp has expressed its interest in a 53 percent stake in Maroc Telecom, Reuters reported.
A spokeswoman for the company said KT Corp submitted on December 17 a letter of intent to buy a stake in Maroc Telecom.
She added that this was a preliminary proposal and not legally binding.
French group Viviendi, the owner of the Moroccan telecom operator, is seeking to generate USD7.15 billion from the sale, two people familiar with the situation told Reuters earlier this month.
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