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Articles tagged with: Cukurova
Court Orders Sale of Turkcell Stake to TeliaSonera for $3.1 Billion
TeliaSonera has won a legal ruling forcing Turkish holding company, cukurova to sell its stake in Turkcell Holding to TeliaSonera for a cash consideration of US$3.1 billion. TeliaSonera says that it now intends to enforce the award against cukurova in Turkey. If the shares are not delivered, TeliaSonera will demand damages from cukurova in the amount of US$1.8 billion, which is the value for TeliaSonera of a lost transaction as determined by the arbitration tribunal. more
Related Tags: teliasonera, turkcell, altimo, Turkey
Turkcell to Start Mobile Wallet Trials - Chairman Worried About Shareholding
Turkey's Turkcell is planning to launch a Mobile Wallet service before the end of next year, said Altuğ Acar, Turkcell's head of business development. more
Related Tags: turkcell, sonera, alfa, smart, smart-card
Cukurova Sells Turkcell Stake to Repay Debts
Turkey's cukurova has sold a 4.1 percent stake in Tueky's Turkcell for US$772 million in order to fund the repayment of debts. TeliaSonera, which is a major shareholder in Turkcell is understood to have offered to buy the shares, but has not currently been allocated any. The purchase would move TeliaSonera closer to its long held goal of taking control of Turkey's largest mobile operator. more
Related Tags: teliasonera, alfa, turkcell, sonera, Turkey
Cukurova in Violation of the Turkcell Shareholder Deal
An arbitration tribunal of the International Chamber of Commerce in Vienna has issued an award finding that Turkey's cukurova has violated certain share transfer restrictions in the shareholders' agreement between cukurova and TeliaSonera relating to Turkcell Holding. more
Related Tags: teliasonera, alfa, turkcell, Turkey
TeliaSonera Keeping an Eye on Cukurova's Turkcell Stake
STOCKHOLM -(Dow Jones)- Swedish telecommunications operator TeliaSonera is monitoring developments relating to Turkish holding company cukurova's stake in mobile operator Turkcell closely, said TeliaSonera spokesman Ola Kallemur Tuesday. more
Related Tags: megafon, teliasonera, alfa, turkcell, alfa-group, altimo
Regulator seeks Alfa mandatory offer for Turkcell shrs
ISTANBUL, Feb 19 (Dow Jones) -- Turkey's capital markets regulator, the SPK, has called on Russian company Alfa Group to hold a mandatory tender offer to buy out minority shares in Turkcell Iletisim Hizmetleri, the Ihlas News Agency, or IHA, reported Monday. more
Related Tags: megafon, teliasonera, alfa, turkcell, alfa-group, altimo
Swedish Government Hopeful Of Solving TeliaSonera Spat
STOCKHOLM -(Dow Jones)- The Swedish government hopes it will be able to lend Swedish telecommunications operator TeliaSonera a helping hand in solving the company's problems in gaining control of Turkish telecom operator Turkcell, Financial Markets Minister Mats Odell told Dow Jones Newswires. more
Related Tags: teliasonera, alfa, dell, turkcell
TeliaSonera: Arbitration Court Finds Turkcell Deal Valid
STOCKHOLM -(Dow Jones)- TeliaSonera, Friday said an arbitration tribunal of the International Chamber of Commerce has issued an award finding that a binding share purchase agreement was concluded between TeliaSonera and cukurova in 2005. more
Related Tags: teliasonera, turkcell
Turkey's Cukurova to get $592 mln from sale of Turkcell stake
MOSCOW, Nov 17 (Prime-Tass) -- Turkey's cukurova Group is selling a 5.88% stake in Turkey's largest mobile operator Turkcell for about US$4.6 a share, or approximately US$592 million for the entire stake, Turkey's IHA news agency reported Friday citing TV channel CNBC Turkey. more
Related Tags: teliasonera, alfa, turkcell, alfa-group, sonera
Cukurova puts 6% stake in Turkcell up for auction to pay debt to Alfa
MOSCOW, Nov 9 (Prime-Tass) -- Turkey's cukurova Group has announced a public offer of a 5.88% stake in Turkey's largest mobile operator Turkcell to get funds to pay off part of its debt to Russia's Alfa Group, cukurova Group said in a statement Thursday. more
Related Tags: teliasonera, alfa, turkcell, alfa-group, sonera