All... Maybe that Korean Q-phone order will be reinstated sooner than you think...
Bell Canada Intl. to buy 29 pct of Hansol (04/06/98)
MONTREAL, April 6 (Reuters) - BCE Inc. unit Bell Canada International
Inc. said on Monday it had signed a memorandum of understanding to buy
29 percent of South Korea's Hansol PCS Co. Ltd. for US$175 million.
Hansol is a nation-wide provider of personal communications services in
South Korea. It has more than 800,000 subscribers.
The completion of a definitive agreement is subject to financial and legal
due diligence, government and regulatory approvals and board approval, BCI
said. The partners hope to finalize an agreement by the end of May.
Hansol is a consortium led by the Hansol Paper Group, and has a number
of other Korean investors, including Dacom, Hanwha Group, Ssangyong
Group, Gohap Group, Youngpoong and Jindo, BCI said.
"The Korean market holds great potential for BCI and if we are successful
in completing an agreement, I believe our technical, operational and financial
support can help make this successful start-up company even stronger," said
BCI chairman and chief executive Derek Burney in a statement.
OT...OT... Caxton, how's Robby Nenn doing as your closer? He can be awesome when he's on. -JLF |
