South Korean mobile operator KT Corporation has submitted a letter of intent to purchase a stake in Morocco’s Maroc Telecom, according to a spokesperson from the Asian company.

French media firm Vivendi, which has a 53% stake in Maroc Telecom, hopes to receive at least $7.13 billion from a potential deal. Maroc is Morroco’s largest telecoms provider as it has an over 40% share in both the country’s mobile phone services and high-speed internet markets, according to Reuters.

Maroc reported last year that it had 17 million domestic mobile customers, while the company also has international operations in African nations such as Burkina Faso, Gabon, Mali and Mauritania.

Operators such as South Africa’s MTN Group, Qatar Telecom, the United Arab Emirates’ Etisalat and Saudi Telecom have all reportedly spoken to Vivendi's bankers about acquiring the stake in Maroc.

And KT Corp’s name has been the latest added to those potentially interested in purchasing a stake in the North African telecoms firm.

Dow Jones, though, has reported that a KT spokesperson has not revealed what the value of its potential stake in Maroc could be.

KT Corp is looking outside of South Korea for growth opportunities as its domestic market has become saturated owing to intense competition from local firms.

In June last year, KT also had to suspend plans to buy 20% of South African fixed line operator Telkom because of opposition from South Africa’s government.