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Articles tagged with: Cukurova and Altimo
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, 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
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
Turkey's Turkcell has announced that the CEO of the Company, Muzaffer Akpinar has resigned from his CEO position. With regard to the Company's international operations, he will continue with his board membership duties, which are related to the investments in Ukraine, and at Fintur Holdings, as well as at the GSMA Association. The Company's Board of Directors shall appoint the new CEO at the next Board Meeting. more
Related Tags: teliasonera, turkcell, gsm-license, gsma