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(From Asia Pulse)
Business in Asia on Sept 7, 2005. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
KT CORP TO INVEST US$10 BLN IN INFRASTRUCTURE BY 2010
SEOUL - KT Corp. (KSE:030200), South Korea's biggest fixed-line telephone and broadband Internet service provider, said it will invest a total of 10.4 trillion won (US$10.1 billion) by 2010 to upgrade or build telecommunications infrastructure and find new growth engines. As part of the spending plan, KT's chief executive Nam joong-soo said, it purchased a 51-percent stake in Sidus FNH, the nation's No. 1 film studio, for 28 billion won.
CHINA SOUTHERN AIRLINES BUYS 10 AIRBUS PLANES FOR US$1.5 BLN
BEIJING - Seeking to expand its fleet to serve China's growing aviation sector, China Southern Airlines (SEHK:1055) inked a deal with European giant Airbus for the purchase of 10 A330 aircraft. In a statement to the Hong Kong Stock Exchange, China Southern said that it believes the purchase will …