Turk Telecom takes control over 100% of Invitel International

www.WirelessFederation.com/news: 100% of Invitel International has been bought by Turk Telekom in a EUR197 million (USD243 million) deal. Invitel International is a central and south European wholesale and data services provider.

The cash deal is hoped to help the operator to capitalize on its strategic position, sitting as it does at the gateway between Europe and Asia. As a result of the deal Hungarian altnet Invitel Holdings will offload its international wholesale business in order to focus on its domestic retail business in Hungary. Denmark’s TDC sold Invitel to the private equity firm Mid Europa Capital in 2009.

In other results of the deal, 27,000km fibre-optic network will be controlled by the Turk incumbent along with a network of operations in 16 countries, and Invitel International subsidiaries AT-Invitel (Germany), Invitel International Hungary and EuroWeb Romania. Currenlty, Invitel International is worth EUR221 million.