Arab Today, arab today kt acquisition to get regulatory approval
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

KT acquisition to get regulatory approval

Arab Today, arab today

Arab Today, arab today KT acquisition to get regulatory approval

Seoul - Yonhap

South Korea\'s telecom titan KT Corp. said Monday that it expects to win regulatory approval for its acquisition of a local credit card firm next week, as the company is ready to expand into mobile payment services. The Fair Trade Commission (FTC), the country\'s corporate watchdog, is expected to make a decision on KT\'s acquisition of BC Card Co. on Nov. 1, a KT spokesman said. The move follows the telecom company\'s acquisition of a major stake in BC Card earlier this year.

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