Reuters | April 22, 2011 | Hyunjoo Jin
(Reuters) – KT Corp , South Korea’s top fixed-line and No.2 mobile company, is in talks to sell its Russian unit New Telephone Company (NTC), its chief executive said on Friday.
“We are in talks to sell the business,” KT chief executive Lee Suk-chae told Reuters. Lee declined to comment on the potential buyer or the size of the deal.
In November, KT appointed Credit Suisse to sell a 80 percent stake in NTC it bought in 1997.
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Reuters: KT CEO says in talks to sell Russian unit
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The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants