Galatasaray Mobile

Türk Telekom 'in talks for $500-mln loan before year end'

Turkey's largest fixed-line operator, Türk Telekom, is talking to banks to raise a loan worth up to $500 million, which it plans to close before year-end, banking sources said on Oct. 26.

The five-year deal will be syndicated with a club of regional and international banks, and is being coordinated by Bank of America Merrill Lynch, the sources said.