SK Telecom (NYSE:SKM) announced that it signed an additional consulting agreement and a LOI with Kulacom Broadband Investment Company (Kulacom or KBIC), a UAE based telecommunications services company that operates high-speed wireless internet service and VoIP in the Middle East.
On May 20, SK Telecom Executive Vice President Young-Chan Nam and Kulacom CEO Michael Penner attended the signing ceremony held in Amman, Jordan to sign a USD 4.38 million consulting agreement and a USD 2.18 million LOI. The companies agreed to actively cooperate in Kulacom’s WiMAX business in the Middle East and Eastern Europe. (more)
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