Telecom Mongolia

Telecom Mongolia, also known as Mongolia Telecom Company (MTC), was established in 1992 following a restructuring of the Ministry of Communications from the Communist era and the privatisation of phone services. MTC, now known as Information Communications Network LLC or NetCo, is primarily state-owned, with the majority of shares retained by the government. South Korean telecommunications operator, KT (formerly Korea Telecom), owns a 40% stake in the company, while a small fraction of shares, 5.56%, are publicly traded.