Deals
Turkcell to Proceed With Bid to Buy TeliaSonera's Fintur Stake
- Deal would give carrier full control of wireless venture
- Fintur operates in Azerbaijan, Kazakhstan, Georgia, Moldova
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Turkey’s biggest mobile operator is planning to proceed with its effort to buy the stake owned by TeliaSonera AB in their wireless joint venture operating in former Soviet nations.
Turkcell Iletisim Hizmetleri AS has made a non-binding bid for the 58.55 percent stake in Fintur Holdings that it doesn’t own and will follow with another offer after completing due diligence, Chief Executive Officer Kaan Terzioglu said in an interview in Istanbul on Tuesday. Turkcell now owns 41.45 percent of Fintur, which operates in Azerbaijan, Kazakhstan, Georgia and Moldova. Terzioglu didn’t give further details.