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)
HELSINKI - Finnish start-up Next Games has raised $6 million in funding in the latest of several venture capital investments in the Nordic country's booming mobile games industry, the company said on Wednesday.
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.