Govt's KT refusal bites SA

[bekdik]

The South African government's refusal of a R3.3 billion bid for 20% of Telkom from KT Corporation, because the price was not right, has led to "sad consequences" for SA.
Had KT's proposal been accepted, commentators say, SA would have benefited from the South Korean company's knowledge and expanded its own high-speed mobile network. Instead, SA is losing out on research and development, and intellectual property, at a time when the Korean company is moving towards a next-generation high-speed network.

Maybe R3.3 billion is a good price?

 

[ellyally]

[url]http://www.itweb.co.za/index.php?option=com_content&view=article&id=143473&[/url]

Maybe R3.3 billion is a good price?

A little high if you asked me

Edit, seriously though, I think its 20% of governments share in telkom, not 20% of telkom, i.e., 20% of 39'ish% of telkom

 

[whatwhat]

There is no way that cANCer will give up 20% of that.