Turkish Banks Are Weighing Options for Their Telecom Shares
- Turk Telekom shareholders make joint statement late Thursday
- Banks respond to news wealth fund is seeking to acquire stake
A Turk Telekom store in Istanbul.
Photographer: Artur Widak/NurPhoto/Getty Images
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Turkish lenders said they are constantly looking at options for their 55% stake in Turk Telekomunikasyon AS as the nation’s wealth fund considers acquiring their shares.
The wealth fund is seeking a deal that would make it the largest shareholder in two of Turkey’s top telecom operators, Bloomberg reported on Thursday.