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.

Three mobile operators win rights to 'advanced' 4G network

Turkey?s three existing mobile operators, Turkcell, Vodafone and Avea, have won the rights to the country?s advanced 4G network due to be established for a sum of more than 1.14 billion euros, in the Aug. 26 tender held by the Information and Communication Technologies Authority.

Another bidder, Netgsm, declined to make an offer.