Garanti

OpenCalais Metadata: Ticker

GARAN

Turkish banks apply to competition board to take over 55 percent of Türk Telekom

Turkey's Akbank, Garanti and İş Bank have applied to the competition authority to take over 55 percent of Türk Telekom after Oger Telecom failed to make three payments on a $4.75 billion loan it secured to acquire a stake in the Turkish fixed-line operator, the competition authority has said.

Istanbul stock exchange ends week at over 100,000 points

Turkey's benchmark index advanced by 0.25 percent to stand at 100,440.39 points at the close of June 30, marking a 0.80-percent rise compared with last week.      

Borsa Istanbul's BIST 100 index posted its highest "week close" with a 250.08-point increase, while the total trading volume was 4.1 billion Turkish Liras (approximately $1.16 billion).      

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