S. Korea's KT to buy 25 pct stake in Omnitel China

SEOUL, Dec. 28 (Yonhap) -- KT Corp., South Korea's second-largest mobile
operator, said Monday that it will purchase a 25 percent stake in Omnitel China
in a bid to tap the Chinese telecommunications market.

Omnitel China, a mobile contents provider, is a Chinese subsidiary of South
Korea's Omnitel Inc. which specializes in telecommunications services, KT said in
a statement
"We plan to support our subsidiaries and other domestic mobile contents
providers' entry into the Chinese market and find related business opportunities
there," Maeng Soo-ho, a head of KT's global business unit, was quoted as saying
in a statement.
Omnitel China has 12 million subscribers to its mobile service via China's mobile
carriers and it plans to develop entertainment contents on mobile phones, it
added.
ylee@yna.co.kr
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