Oger to pay 20% premium for Turk Telecom

www.WirelessFederation.com/news: In order to secure the divested shares in fixed line incumbent Turk Telekom (TT) should the government choose to sell part of its stake this year, 20% premium would be paid by Dubai-based Oger Telecom.

Communications Minister Binali Yildirim revealed that the government was considering a second public offering to sell part of its remaining 31.7% stake in the operator. The state is expected to float a 15%-20% stake via the public offering if it decides to go ahead with sale.

Oger already holds a 55.8% stake in the operator, having paid USD6.55 billion for the stake in a 2005 privatization.