SEOUL, Sept 17 South Korean telecoms operator KT
Corp said on Tuesday it is in the early stage of
talks to buy a 35-percent stake in state-owned Tunisie Telecom
from a conglomerate owned by Dubai's ruler, joining about 10
KT's bid comes after the firm had withdrawn from the bidding
for Vivendi's 53 percent stake in Maroc Telecom
earlier this year, as the South Korean firm seeks to
expand overseas faced with saturated growth in the home market.
"The talks are still in the early stage and nothing has been
decided yet," KT said in a statement after a newspaper report on
its interest in the firm.
In June, Tunisia said 13 companies including Abu Dhabi-based
Estisalat and Turkey's Turkcell had
expressed interest in buying the stake.
Dubai Holding's arm, Emirates International
Telecommunications LLC, is offering the stake, which it bought
for $2.25 billion in 2006, as it seeks to reduce debt. J.P.
Morgan Chase valued it at $650 million in July.
(Reporting by Miyoung Kim; Editing by Stephen Coates)