Foreign telcos eyeing Shyam Telelink stake

ET reports that Korea Telecom is the front-runner for snapping up a majority stake in Shyam Telelink which operates fixed-line and CDMA-based mobile services in Rajasthan under the Rainbow brand. Korea Telecom is one of the largest global players in the fixed-line broadband space. US-based Sprint, Deutsche Telekom and Sweden-based Telia are also said to [...]