{"id":11123,"date":"2012-06-05T22:53:42","date_gmt":"2012-06-05T20:53:42","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/kt-awaits-s-africa-proposals-on-telkom-offer-exec\/"},"modified":"2012-06-05T22:53:42","modified_gmt":"2012-06-05T20:53:42","slug":"kt-awaits-s-africa-proposals-on-telkom-offer-exec","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/kt-awaits-s-africa-proposals-on-telkom-offer-exec\/","title":{"rendered":"KT awaits S.Africa proposals on Telkom offer -exec"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Will review any new govt conditions<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* To proceed with talks when environment improves<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">SEOUL, June 5<\/span> (Reuters) &#8211; South Korean fixed-line carrier KT<br \/>\nCorp is waiting for the South African government to<br \/>\npropose new conditions after it turned down its reduced offer to<br \/>\nacquire 20 percent of Telkom, a senior executive said<br \/>\non Tuesday.<\/p>\n<p><span><\/span><\/p>\n<p>South Korea&#8217;s No.2 mobile operator slashed an initial offer<br \/>\nby nearly a third to 25.60 rand per ordinary share last month as<br \/>\nTelkom&#8217;s share price had fallen since the initial offer.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa&#8217;s government, which holds a majority stake in<br \/>\nTelkom together with the state pension fund, rejected the<br \/>\nreduced offer.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We don&#8217;t know what conditions Telkom want,&#8221; Yung Kim,<br \/>\nsenior executive vice president at KT, told Reuters. &#8220;We will<br \/>\nreview new conditions if they are offered.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Telkom shares had fallen by about 25 percent from the<br \/>\ninitial announcement of KT&#8217;s offer in October 2011 to the<br \/>\nrevised offer seven months later.<\/p>\n<p><span><\/span><\/p>\n<p>A KT spokesman said the company was open to further<br \/>\nnegotiations with Pretoria.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We need to clarify the cause first. We are considering<br \/>\nproceeding with the talks again when the environment improves,&#8221;<br \/>\nhe told Reuters.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Will review any new govt conditions * To proceed with talks when environment improves SEOUL, June 5 (Reuters) &#8211; South Korean fixed-line carrier KT Corp is waiting for the South African government to propose new conditions after it turned down its reduced offer to acquire 20 percent of Telkom, a senior executive said on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11123","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11123"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11123\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}