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Wireless

SDIF case against Turkcell dismissed

Monday 18 November 2013 | 11:40 CET | News
Turkcell announced that a lawsuit brought by Turkey's Savings Deposit Insurance Fund (SDIF) over the end to their distribution joint venture A-Tel in 2012 was dismissed. SDIF was seeking TRY 131.9 million in compensation for losses suffered from the end to the agreement. SDIF informed the court that its receivables in connection with the case were transferred to Bilgin Holding. The court decided to dismiss the case on the grounds that SDIF could not longer act as the claimant. A-Tel was a 50-50 joint venture of Turkcell and SDIF for selling and distributing prepaid lines in Turkey.

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Categories: Mobile & Wireless
Companies: Turkcell
Countries: Turkey
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