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KT acquires 10% stake in Hyundai Robotics for KRW 50 billion

2020-06-18 12:18:00| Telecompaper Headlines

(Telecompaper) South Korean operator KT has signed a cooperation agreement and investment contracts with Hyundai Robotics. The two partners plan to collaborate on digital transformation based on 5G, artificial intelligence (AI) and smart factory applications. Under the terms of the deals, KT will acquire a 10 percent equity stake in Hyundai Robotics for KRW 50 billion.

Tags: billion hyundai stake robotics

Macquarie makes offer for Enel's Open Fiber stake

2020-06-17 09:56:00| Telecompaper Headlines

(Telecompaper) Australian infrastructure fund Macquarie has tabled an offer to acquire Enel's 50 percent stake in Italian wholesale-only operator Open Fiber. In a statement, utility giant Enel confirmed that its board last week received a non-binding bid from Macquarie Infrastructure Real Asset for "the acquisition of the whole or part of the stake". Italian daily La Repubblica reported that the offer was "very high" and that Macquarie could soon begin a due diligence process to make the bid binding.

Tags: open offer makes fiber

Telia confirms talks to sell Turkcell stake to sovereign fund

2020-06-16 19:14:00| Telecompaper Headlines

(Telecompaper) Telia Company has confirmed it's in talks to sell its stake in Turkcell Holding. The Swedish company issued a statement following media reports that it was in talks to sell the indirect stake in Turkcell to Turkey's Wealth Fund. Telia said the deal would be worth around USD 530 million.

Tags: sell fund talks stake