KT-Shyam talks off

6 Apr 2006

Indian telco Shyam Telelink has abandoned talks with South Korea’s KT Corp over the sale of a strategic stake in the company after the pair failed to agree on Telelink’s enterprise valuation, according to local news sources. US-based Sprint, Nordic powerhouse TeliaSonera and Deutsche Telekom have all been linked with taking a stake in the operator, but KT Corp had been the frontrunner.

Shyam Telelink launched local services in Rajasthan in 1998, and now offers basic voice services, high speed internet access and WiLL telephony over its 4,000km backbone network covering 123 cities and towns.