KT embarks on North African broadband adventure

3 Jun 2005

KT Corp, South Korea’s largest telco, has announced that it is close to launching a broadband internet joint venture with Algerie Telecom (AT), aiming to roll out an ADSL network by the end of the year. The USD10 million venture is scheduled to be set up in Algeria by the end of this month, with AT taking a 51% stake, and KT and fellow Korean company Daewoo taking 39% and 10% respectively.

Algeria, Algerie Telecom (AT), KT Corp