KT Cloud could be worth $2 billion

KT is reportedly mulling selling off a chunk of its recently-created cloud business, a move that could value the unit as a whole at US$2 billion.
The South Korean telco, which now styles itself as a digital platform company, separated out its cloud and data centres assets into KT Cloud in February. According to Bloomberg, it is now making plans to sell a minority stake in the business.
The newswire’s unnamed sources claim that the company is on the verge of selecting a financial advisor fo