KT Sells its Radio Communications Unit

SEOUL, Jan. 22 (Korea Bizwire) — KT Corp, major South Korean telecommunications giant, said Friday it has agreed to sell its radio communications business affiliate to local security equipment maker IDIS Ltd. KT said the company will sell its 44.85 percent stake in KT powertel Co. to IDIS for 40.6 billion won (US$36.7 million). IDIS [...]