Turkey's Turkcell to make offer for TeliaSonera's Eurasian Fintur
Turkey's largest telecoms operator Turkcell on Nov. 25 said it was making a non-binding indicative offer for Nordic firm TeliaSonera's 58.55 percent stake in its Eurasian unit Fintur.
TeliaSonera announced in September that it would be withdrawing from its Central Asian markets, hit by years of investigations into corruption allegations linked to local partners, and problems accessing cash in distant countries.
Turkcell said in the same month that it was considering increasing its 41.45 pct stake in Fintur, which has operating interests in Kazakhstan, Azerbaijan, Georgia and Moldova.
"Turkcell is not the only one who is interested in Fintur," Henrik Westman, TeliaSonera's spokesman, said on Nov. 25.
"Since we announced this a little more than two months ago, we have seen a big interest for our businesses in Eurasia, including the four Fintur countries."
In a separate statement Turkcell also said it was looking to simplify its holding by merging some of its affiliate companies.
Hürriyet's Sebati Karakurt photographs 'ghost town' Sinjar, recently freed of ISIL
In Photos: Nev?ehir continues to attract tourists with newly discovered underground city
Photos depict destruction after 13-day curfew ends in Mardin's Nusaybin
In Photos: Belgians tweet cat pictures after Brussels police requested silence during anti-terror operation
Halfeti - A town of mesmerizing beauty
Exhibition shows Istanbul through eyes of children
Secret weapons of Turkish army: locally produced rocket launchers, missile systems
The bugs of Ankara: The weirdest scenes that anyone can run into in Turkish capital
A bird's eye view tour of Turkey's eastern provinces of Van and Hakkari
Turkish man with...
- Log in to post comments