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Turkcell Said to Plan Bid for Vivacom Valued at $1.4 Billion

Turkcell Iletisim Hizmetleri AS, the biggest Turkish mobile-phone company, may make a bid for Vivacom AD, valuing Bulgaria’s largest fixed-line company at as much as $1.4 billion, people with knowledge of the process said.

The Turkcell board is expected to meet as soon as this week to discuss bidding, said one person, who declined to be identified because the process is private. While Turkcell’s management is eying Vivacom, Bulgaria’s incumbent telecommunications operator, a deal would need the approval of its board, which has blocked proposed deals before.