Friday, June 1, 2012

South Africa Telkom South Korea KT partnership not happening

South Africa's fixed line operator Telkom on Friday announced that plans for a partnership with South Korea's telecom operator KT will not go ahead after Pretoria decided not to back it.

The two last year opened talks on a "strategic venture" that would have given KT Corporation a 20 percent stake in Telkom.

Telkom said in a statement it had been informed by the Communications Minister Dina Pule that cabinet had this week "taken the decision not to support the transaction as

More details here...

No comments:

Post a Comment