Wednesday, November 07, 2007

[ News, Economy / Industry, October 30 2007] KT takes over 2 Uzbek Internet operators to target Central Asian market

KT Corp., Korea's leading fixed-line telephony and broadband Internet service provider, said Tuesday (Oct. 30) that it has bought two Uzbek communications operators to establish a bridge into the Central Asian market.


KT said its acquisition of the two local communications firms will help it penetrate central Asia's untapped communications market of 65 million people.

KT is the leader in the fixed-line and wireless Internet market in South Korea. It launched the world's first commercial service of WiBro or wireless broadband in June last year.

With the recent global recognition of the homegrown technology as the third-generation communications standard, the Korean company has been working hard to take WiBro overseas especially to infrastructure-poor countries since it costs less to build wireless communications networks than fixed-line systems.

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