Wednesday 25 November 2015

Korean telco not to bid for Tunisie stake

Seoul, February 28, 2014

South Korean telecoms firm KT said on Friday it had decided not to bid for a stake in state-owned Tunisie Telecom, but gave no reason why.

KT said last year it was in an early stage of talks to buy the 35-percent stake in Tunisie Telecom from a conglomerate owned by Dubai's ruler.

Dubai Holding's arm, Emirates International Telecommunications, offered the stake, which it bought for $2.25 billion in 2006, to help pare debt.-Reuters

Tags: Korea | Tunisie Telecom |

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