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Korean mobile carrier KT is considering taking part in bidding for Moroccan mobile carrier Maroc Telecom, according to news reports on Tuesday.
Reuters reported that KT may jump into bidding for the 53-percent stake in Maroc Telecom currently held by French conglomerate Vivendi.
Citing two people familiar with the situation, the agency reported that the seller, Vivendi, hopes to make about $7.15 billion.
But KT officials neither confirmed nor denied the news.
“They (decision makers) said ‘no comment’ and that is all we know,” a KT spokesperson said.
Other prospective bidders ― Korea’s KT, France’s France Telecom, and Qatar’s Qtel ― declined to comment about the bid, Reuters said.
KT’s overseas takeover plans have been relatively limited. Last year, the company sold its stake in a Russian operator, New Telephone Co., and its plan to purchase 20 percent stake in South Africa’s Telkom was scrapped.
(joowonc@heraldcorp.com)
Reuters reported that KT may jump into bidding for the 53-percent stake in Maroc Telecom currently held by French conglomerate Vivendi.
Citing two people familiar with the situation, the agency reported that the seller, Vivendi, hopes to make about $7.15 billion.
But KT officials neither confirmed nor denied the news.
“They (decision makers) said ‘no comment’ and that is all we know,” a KT spokesperson said.
Other prospective bidders ― Korea’s KT, France’s France Telecom, and Qatar’s Qtel ― declined to comment about the bid, Reuters said.
KT’s overseas takeover plans have been relatively limited. Last year, the company sold its stake in a Russian operator, New Telephone Co., and its plan to purchase 20 percent stake in South Africa’s Telkom was scrapped.
(joowonc@heraldcorp.com)
