South Korea’s KT Corp has announced that it has reached a preliminary agreement to buy a 20% stake in Telkom South Africa, at a reduced price of around USD427 million. The deal means that the Korean firm intends to pay ZAR25.60 (USD3.26) per share for the stake, noticeably lower than the ZAR36.06 a share price-tag that KT agreed to pay Telkom in October 2011
Read More:
OVETEL KT agrees knockdown fee for 20% of Telkom
No comments:
Post a Comment