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
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
Or sign up for a trial to gain full access to the entire site for a limited period.
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.