MTS, Vimpelcom, Megafon and Tele2, the four leading mobile operators in Russia, have all made bids for KT Corp’s 80 percent stake in New Telephone Company (NTC), a major mobile, fixed and IP telephony and Internet operator based in Vladivostok, reports Vedomosti, a Russian business daily.
KT Corp, a South Korean fixed-line and mobile operator, appointed Credit Suisse to sell the stake in November 2010, revealed Reuters. KT Corp values its asset at $500 million.
Source: Vedomosti
