WASHINGTON - Apple Inc Chief Executive Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in U.S. taxes through Irish subsidiaries and told lawmakers that his company backs corporate tax reform, even though it may end up paying more. | Video
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
KT says submits preliminary bid for Maroc Telecom stake
SEOUL (Reuters) - South Korean telecommunications firm KT Corp (030200.KS) on December 17 submitted a letter of intent to buy a stake in Maroc Telecom (IAM.CS), a spokeswoman for KT said on Wednesday.
"It is a preliminary proposal and not legally binding," the spokeswoman said, without elaborating.
KT Corp is considering bidding for Vivendi's 53 percent stake in the Moroccan telecom operator, which the seller hopes will fetch 5.5 billion euros ($7.15 billion), two people familiar with the situation told Reuters earlier this month. (Reporting by Hyunjoo Jin; Editing by Chris Gallagher)
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