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Articles tagged with: Turkcell and Teliasonera
Megafon and Turkcell to be Merged into Single Holding Company
There is to be further tidying up of the often complex Russian-Nordic telecoms investments, after TeliaSonera and Altimo agreed to merge their respective direct and indirect interests in turkcell and Megafon, into a new company. The new company will be established in a western jurisdiction and listed on the New York Stock Exchange. more
Related Tags: altimo, megafon, new-york, Russia
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: cukurova, altimo, Turkey
Fitch Upgrades TeliaSonera's Outlook to Stable
Fitch Ratings today revised Sweden-based TeliaSonera's Outlook to Stable from Negative. At the same time the agency has affirmed the Long-term Issuer Default rating (IDR) and senior unsecured rating at 'A-' (A minus). more
Related Tags: fitch-ratings, megafon, alfa, alfa-group, fitch, presence, Sweden
Kazakhstan - K'CELL Consolidates Lead as Penetration Reaches 83%
The number of mobile connections in Kazakhstan reached 12.7m at the end of Q1 08, an increase of 4.7m or 58.3% year on year. Although this is slightly below the annual growth rates recorded in Q3 (72.1%) and Q4 07 (69.2%), it is nonetheless an impressive figure, and it is a considerable increase on the 40.0% recorded in the prior twelve months. Penetration reached 83.1% at the end of the quarter, by far the highest rate in Central Asia. more
Related Tags: gsm-kazakhstan, Kazakhstan
Competitive Pressures Are Mounting on Turkcell
turkcell has reported a very encouraging set of results, despite the fact that for the first time ever, its domestic subscriber base fell quarter on quarter. turkcellÃ's position in its home market was verging on total dominance throughout the late 90s and early years of this century. It still enjoys a strong position today, but the competition is hotting up and the era of effortless growth is over. more
Related Tags: arpu, telsim, Turkey
Europe Telecom Giants Call the Shots Again as M&A Picks Up
As the global financial crisis nears its one-year anniversary, Europe's top telecom operators are rediscovering an appetite for deals and preparing to pounce on vulnerable rivals, armed with solid balance sheets and needled by a rising threat from newcomers like Google and Apple. more
Related Tags: google, orange, deutsche-telekom, juniper-research, megafon, alcatel-lucent, telenor, sistema, telefonica, kpn, gartner, france-telecom, comstar, global-crossing, ote, neuf-cegetel, hutchison, essar, chief-financial-officer, level-3, vodafone-group, hutchison-essar
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: alfa, sonera, cukurova, Turkey
UPDATE: France Telecom Shares Sag on TeliaSonera Bid Talk
PARIS -(Dow Jones)- European telecoms analysts were poring over maps of the continent Wednesday after a report in French daily Le Figaro floated the idea of a giant merger between France Telecom and Nordic operator TeliaSonera. more
Related Tags: orange, deutsche-telekom, megafon, telefonica, telecom-italia, dell, france-telecom, antitrust, paris, stockholm, Sweden
FOCUS: MTS, Vimpelcom Hope Chatty Russians Can Prolong Growth
MOSCOW -(Dow Jones)- Russia's two biggest mobile operators will struggle to maintain their impressive growth unless they squeeze more out of customers at home and successfully exploit foreign markets, experts say. more
Related Tags: mobile-tv, megafon, virgin-mobile, mts, sistema, smartphones, arpu, telekom-austria, vimpelcom, laptop, Russia
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: alfa, cukurova, Turkey