Government dallies, but still raises $2.24bn from KT sale

29 Jun 2001

Korea Telecom, the country's largest fixed line telephone company, sold a 17.8% government stake to overseas investors yesterday (Thursday), raising $2.24bn before fees in American Depository Receipts (ADRs). The Korean government sold 111m shares at $20.20 each, reducing its stake in Korea Telecom (KT) to 40.1% from ...

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