From PC Tech Magazine

Korea Telecom (KT)  plans to review its business projects in Africa as its new CEO Hwang Chang-gyu wants to focus on bolstering the firm’s competitive edge in the domestic telecommunication business, said KT officials who are close to the matter.

This means that the company will fold or scale down the company’s business in Rwanda and other countries on the continent, depending on the outcome of the review.

Under the leadership of outgoing Chairman Lee Suk-chae, the nation’s second-largest mobile carrier signed an agreement in March 2013 to invest $140 million in the African country to build a fourth-generation (4G) mobile network that will serve 95 percent of the country’s population. 

After the signing of the agreement, the company has sought to expand business in other countries including Kenya and Uganda.

KT is now in talks with the Kenyan government to establish a joint venture to build a 4G LTE mobile broadband. 

Read more at PC Tech Magazine