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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.

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