Telkom, KT sign MOU for exclusive talks

News General South Africa 12 DEC 2011
Telkom, KT sign MOU for exclusive talks
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.

Categories:

General

Companies:

KT,  Telkom

Countries:

South Africa

Tags:

Voice services, Cooperations & alliances, Wholesale, M&A buyouts & divestments

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