Court Says Altimo Has 13.7% More of Turkcell, Altimo Says
This article is for subscribers only.
Russia’s Altimo said it won a legal case in the Eastern Caribbean Supreme Court, which ruled that Altimo’s appropriation of an extra 13.7 percent of Turkish mobile phone operator Turkcell Iletisim Hizmetleri AS was legal.
“The court confirmed that Alfa validly appropriated Cukurova’s shares in Turkcell,” Altimo said in an e-mailed statement today. “We welcome this milestone decision that should conclude the 5-year litigation.”