Turkcell to consider bid for TeliaSonera stake in Fintur

News Wireless Global 18 SEP 2015
Turkcell to consider bid for TeliaSonera stake in Fintur
Turkcell said it will look at buying out its partner TeliaSonera in their Fintur joint venture in Eurasia. The statement follows TeliaSonera's announcement that it plans to exit the Eurasia region and focus on its European operations. Turkcell holds 41.45 percent and TeliaSonera 58.55 percent in Fintur, which controls the  mobile operators Moldcell (Moldova), Azercell (Azerbaijan), Kcell (Kazakhstan) and Geocell (Georgia). 

Turkcell has been looking to expand in the region, most recently buying out its partner in Ukraine. The company said it will appoint a strategic and financial advisor to look at options for buying the remaining shares in Fintur.


 

Categories:

Mobile

Companies:

Telia,  Turkcell,  Azercell,  Geocell,  Kcell,  Moldcell

Regions:

Global

Tags:

Shareholders & subsidiaries, M&A buyouts & divestments

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