0
General

Telkom, KT sign MOU for exclusive talks

Monday 12 December 2011 | 14:37 CET | News
South African operator Telkom announced that it has entered into a memorandum of understanding (MOU) with South Korea-based KT to hold exclusive talks on a strategic partnership. The MOU provides for an exclusive period of engagement and information exchange to enable the companies to confirm the areas of mutual strategic and business cooperation and envisaged benefits of the venture. The negotiations will commence immediately, and Telkom said that it will update shareholders in six weeks. The companies announced in October that they were in talks for KT to take a 20 percent stake in Telkom.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: KT / Telkom
Countries: South Africa
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

KT shelves plans for Telkom stake

Published 05 Jun 2012 13:47 CET | South Africa
KT has shelved its plan to buy a 20 percent stake in Telkom South Africa after the South African government opposed the sale. ...

South Africa govt opposes Telkom, Korea Telecom deal

Published 01 Jun 2012 10:57 CET | South Africa
South African operator Telkom said the government will not back its proposed partnership with Korea Telecom. The two agreed last ...

KT agrees to lower price for 20% stake in Telkom

Published 08 May 2012 10:04 CET | South Africa
KT and Telkom have reached a preliminary agreement on the Korean operator acquiring a 20 percent stake in the South African ...

Telkom moves closer to investment deal with KT

Published 26 Apr 2012 09:26 CET | South Africa
South Africa operator Telkom is moving closer to a deal with Korean operator KT. Telkom renewed a cautionary notice to ...

Telkom forecasts sharp drop in FY earnings

Published 02 Apr 2012 09:17 CET | South Africa
South Africa operator Telkom expects its headline earnings per share for the year ended 31 March to drop by 25 percent. The group ...

Telkom reports progress in KT talks

Published 12 Mar 2012 09:49 CET | South Africa
South Africa operator Telkom is moving closer to a deal for Korea's KT to invest in the company. The operator said that a ...

Telkom, KT to finalise potential JV findings in a few weeks

Published 30 Jan 2012 10:55 CET | South Africa
South Africa's fixed-line operator Telkom said it expects to finalise the results of a review of a potential joint venture with ...

South Africa union opposed to Telkom, KT deal

Published 18 Oct 2011 11:04 CET | South Africa
South Africa's trade union federation Cosatu has come out against the further privatisation of Telkom through a possible sale of ...

Korea Telecom in talks to buy 20% of South Africa's Telkom

Published 14 Oct 2011 13:26 CET | South Africa
South African operator Telkom is in talks to sell 20 percent of its equity to Korea Telecom (KT). Telkom said in a statement on ...