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May 5, 1997updated 05 Sep 2016 12:25pm

DAEWOO SUBSIDAIRY TO TAKE 40% OF KAZAKTELECOM

By CBR Staff Writer

A subsidiary of South Korean group Daewoo Electronics Co is to acquire a 40% stake in Kazakhstan’s state-owned national telecommunications company, Kazaktelecom. Daewoo is said to have bid a package totaling $1.37bn worth of investments and will pay an additional $100m to the government to repay debts.

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