Iraqi mobile operator Korek Telecom is being pursued by at least one other buyer in addition to France Telecom, TelecomFinance has been able to confirm.
South African incumbent MTN is the second serious suitor eyeing a 35-39% stake in the Iraqi telco,…
Iraqi mobile operator Korek Telecom is being pursued by at least one other buyer in addition to France Telecom, TelecomFinance has been able to confirm.
South African incumbent MTN is the second serious suitor eyeing a 35-39% stake in the Iraqi telco, which has been valued at US$1.5bn. Neither it nor perceived frontrunner France Telecom has made an official offer.
Speaking to TelecomFinance, a spokesperson said: “MTN will not comment on any specific corporate activity. The group is still committed to its vision of finding value enhancing opportunities in emerging markets.”
MTN is also present in the immediate region, through MTN Afghanistan and MTN Irancell. It has prequalified to bid on Iraq’s fourth mobile licence in 2011, alongside Turkcell, Vodafone and Verizon.
