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Turk Telekom License Extension Planned Before Likely Sale

  • Government working on extension to license beyond 2026 expiry
  • Turkey wants to boost Turk Telekom’s value under wealth fund
A view of Turk Telekom branch in the Beyoglu district of Istanbul.

A view of Turk Telekom branch in the Beyoglu district of Istanbul.

Photographer: Artur Widak/NurPhoto/Getty Images

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Turkey is planning to extend the main license of Turk Telekom after the nation’s sovereign wealth fund obtained a controlling stake in the telecom giant, paving the way for a possible stake sale.