France Telecom Close to Buying Stake in Iraq’s Korek, WSJ Says

France Telecom SA is close to buying a minority stake in Iraq’s Korek Telecom, the Wall Street Journal reported, citing people familiar with the situation.

Korek won the country’s third mobile phone license in 2007 and now has about 3 million clients, the newspaper said.

To contact the editor responsible for this story: Chris Peterson at cpeterson@bloomberg.net

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