Kuwaiti Logistics firm Agility has not received an official offer from France Telecom for its stake in Iraq's Korek Telecom, but welcomes any, its chairman said in published remarks on Thursday.
"Exiting is possible if t
Emirates Telecommunications Corporation (Etisalat) has reached an initial agreement with Iraq's Korek Telecom to buy a majority stake in the firm, a newspaper reported on Thursday
A memorandum of understanding between the two companies
Emirates Telecommunications Corp (Etisalat) is close to buying a majority stake in Iraq's Korek Telecom as it looks to double revenues from overseas operations in three years, Etisalat's chairman said.
Etisalat, the Gulf region's second-la
Korek Telecom, one of Iraq’s three national telecom operators, has awarded a contract to Ericsson, a leading provider of telecommunication equipment and services to operators, for the deployment of a billing post-paid system in the country.
Kuwaiti logistics provider Agility said on Tuesday it agreed a $250 million option to buy a stake in Iraq's Korek Telecom.
The deal is part of Agility's move to diversify away from its core business.
Agility's Dubai-based private e