Jump to navigation

Vol 6 (AAC) No 5

Published 1st March 2013

Lee Suk-chae

CEO, KT Corp, South Korea

In early February, Lee Suk-chae, Chief Executive of South Korean telecommunications firm KT (formerly Korea Telecom), indicated that he would be bidding for the 53% stake in Maroc Télécom held by France’s Vivendi. The deal could be worth more than US$6 billion. KT will compete with France Télécom, Qatar’s Qtel and United Arab Emirates-based Etisalat. The Moroccan government holds a 30% stake in Maroc Télécom, which owns shares in telecoms companies in Burkina Faso, Gabon, Mali and Mauritania.

End of preview - This article contains approximately 270 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.