Agility Would Welcome Offer for Korek Stake

Kuwaiti Logistics firm Agility has not received an official offer from France Telecom for its stake in Iraq's Korek Telecom, but welcomes any, its chairman said in published remarks on Thursday, according to Reuters.

"Exiting is possible if the company receives a suitable price level that results in good revenue," Tarek Sultan told Kuwaiti daily newspaper al-Watan.

France Telecom's head, Stephane Richard, said that its board planned to meet on Wednesday to discuss buying a minority stake in the Iraqi firm, but said no decision had been taken yet.

Korek, Iraq's third-largest mobile phone operator, obtained its national wireless licence in 2007 and has roughly 3 million customers.

(Source: Reuters)

Comments are closed.